Goosehead Insurance (NASDAQ:GSHD) Shares Sold by Envestnet Asset Management Inc.

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 4th quarter valued at $55,326,000. American Century Companies Inc. grew its stake in shares of Goosehead Insurance by 51.4% in the 4th 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. D. E. Shaw & Co. Inc. boosted its holdings in shares of Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after buying an additional 96,309 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Goosehead Insurance by 312.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock worth $11,754,000 after buying an additional 83,028 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Goosehead Insurance by 110.0% in the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock worth $16,054,000 after buying an additional 78,434 shares during the last quarter.

Insiders Place Their Bets

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel directly owned 1,000 shares of the company's stock, valued at $104,420. The trade was a 71.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lindy Langston sold 11,042 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total transaction of $1,216,828.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,966 shares of company stock valued at $12,407,821. Corporate insiders own 37.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GSHD. UBS Group decreased their price objective on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. BMO Capital Markets dropped their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Piper Sandler lowered their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on 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 assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and an average price target of $115.40.

Goosehead Insurance Stock Performance

GSHD traded down $0.09 on Tuesday, hitting $101.79. 56,522 shares of the company traded hands, compared to its average volume of 268,464. The company has a 50 day moving average of $104.78 and a 200-day moving average of $108.15. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $3.82 billion, a PE ratio of 85.53, a PEG ratio of 7.23 and a beta of 1.42. Goosehead Insurance has a 12-month low of $62.68 and a 12-month high of $130.39.

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

Goosehead Insurance Company 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.