Envestnet Asset Management Inc. Has $12.20 Million Holdings in Goosehead Insurance (NASDAQ:GSHD)

Envestnet Asset Management Inc. lessened its holdings in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 13.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,347 shares of the company's stock after selling 16,643 shares during the period. Envestnet Asset Management Inc. owned about 0.28% of Goosehead Insurance worth $12,201,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GSHD. Whitebark Investors LP acquired a new stake in Goosehead Insurance during the 4th quarter valued at $55,326,000. American Century Companies Inc. grew its holdings in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after purchasing an additional 220,267 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Goosehead Insurance by 312.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock valued at $11,754,000 after purchasing an additional 83,028 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after purchasing an additional 78,434 shares in the last quarter.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.76, for a total value of $2,240,292.60. Following the completion of the transaction, the insider owned 132,349 shares of the company's stock, valued at approximately $13,864,881.24. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lindy Langston sold 2,853 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total transaction of $314,286.48. The disclosure for this sale can be found here. Insiders have sold 118,966 shares of company stock worth $12,407,821 over the last 90 days. 48.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

GSHD has been the subject of several recent analyst reports. BMO Capital Markets decreased 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 report on Monday, April 28th. 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. Piper Sandler decreased their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. UBS Group decreased their price objective on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, JMP Securities reissued a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $2.64 during mid-day trading on Wednesday, reaching $103.43. 298,406 shares of the company traded hands, compared to its average volume of 268,732. Goosehead Insurance has a fifty-two week low of $64.92 and a fifty-two week high of $130.39. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a market cap of $3.88 billion, a PE ratio of 86.92, a price-to-earnings-growth ratio of 7.14 and a beta of 1.42. The stock has a fifty day simple moving average of $104.61 and a 200-day simple moving average of $108.07.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 9.51% and a negative return on equity of 99.91%. The business had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same period in the prior year, the business earned $0.28 earnings per share. The business's quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

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.