2,747 Shares in Goosehead Insurance (NASDAQ:GSHD) Acquired by Financial Harvest LLC

Financial Harvest LLC purchased a new stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,747 shares of the company's stock, valued at approximately $324,000. Goosehead Insurance accounts for about 0.2% of Financial Harvest LLC's holdings, making the stock its 29th biggest holding.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on GSHD. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price target on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, JMP Securities reissued a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance presently has a consensus rating of "Hold" and a consensus price target of $115.40.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Lindy Langston sold 2,853 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the company'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 sale, the insider owned 132,349 shares in the company, valued at $13,864,881.24. The trade was a 13.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,966 shares of company stock valued at $12,407,821 over the last quarter. Company insiders own 48.35% of the company's stock.

Goosehead Insurance Trading Down 0.1%

Goosehead Insurance stock traded down $0.11 during midday trading on Friday, reaching $102.09. The stock had a trading volume of 147,469 shares, compared to its average volume of 269,546. Goosehead Insurance has a twelve month low of $62.68 and a twelve month high of $130.39. The stock has a market capitalization of $3.83 billion, a PE ratio of 85.79, a price-to-earnings-growth ratio of 7.23 and a beta of 1.42. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.79 and a current ratio of 2.79. The stock's 50-day simple moving average is $104.78 and its 200 day simple moving average is $108.13.

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, beating analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The firm had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 0.83 EPS 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.