Deutsche Bank AG Raises Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Deutsche Bank AG increased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,987 shares of the company's stock after buying an additional 6,813 shares during the quarter. Deutsche Bank AG owned 0.06% of Goosehead Insurance worth $2,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in Goosehead Insurance during the 4th quarter worth $39,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance during the fourth quarter worth about $63,000. Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares during the last quarter. Jones Financial Companies Lllp grew its position in Goosehead Insurance by 51.8% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after purchasing an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Goosehead Insurance in the 4th quarter worth about $148,000.

Insider Buying and Selling

In other news, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the sale, the general counsel now directly owns 1,000 shares of the company's stock, valued at approximately $104,420. This represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This represents a 12.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 413,883 shares of company stock valued at $48,268,964. Company insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded up $0.81 during trading on Tuesday, reaching $109.61. 46,433 shares of the stock traded hands, compared to its average volume of 284,945. The company has a 50-day moving average of $108.26 and a 200-day moving average of $111.64. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The stock has a market capitalization of $4.11 billion, a P/E ratio of 152.24, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on GSHD. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Truist Financial reiterated a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. BMO Capital Markets reduced their price target 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. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and an average price target of $115.40.

Goosehead Insurance Profile

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.