Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 75.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,447 shares of the company's stock after selling 16,753 shares during the period. BNP Paribas Financial Markets' holdings in Goosehead Insurance were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after purchasing an additional 19,980 shares during the last quarter. American Century Companies Inc. increased its position in shares of Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after acquiring an additional 220,267 shares in the last quarter. Northern Trust Corp increased its position in shares of Goosehead Insurance by 10.4% in the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after acquiring an additional 25,173 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Goosehead Insurance by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock worth $23,125,000 after acquiring an additional 5,459 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock worth $16,054,000 after acquiring an additional 78,434 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GSHD shares. Piper Sandler dropped their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets dropped their price objective on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. This trade represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,778 shares of company stock worth $49,800,079 in the last ninety days. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Down 0.1%

Shares of GSHD stock traded down $0.13 on Thursday, hitting $108.48. The stock had a trading volume of 150,638 shares, compared to its average volume of 272,601. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 150.67, a P/E/G ratio of 5.17 and a beta of 1.45. The stock's 50 day moving average is $107.78 and its 200-day moving average is $111.54. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, research analysts expect that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.