GAMMA Investing LLC Raises Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 11,900.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,725 shares of the company's stock after acquiring an additional 72,119 shares during the period. GAMMA Investing LLC owned 0.20% of Goosehead Insurance worth $8,586,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 buying an additional 19,980 shares during the last quarter. 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 buying an additional 220,267 shares during the last quarter. Whitebark Investors LP acquired a new position in Goosehead Insurance during the fourth quarter worth $55,326,000. Northern Trust Corp raised its holdings in Goosehead Insurance by 10.4% during the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after buying an additional 25,173 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Goosehead Insurance by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock worth $23,125,000 after buying an additional 5,459 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GSHD. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Piper Sandler reduced their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Truist Financial restated a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, JMP Securities reiterated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $115.40.

Insider Activity at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 1,105 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total transaction of $121,605.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95. Following the sale, the insider now owns 132,349 shares in the company, valued at $13,492,980.55. The trade was a 18.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,678 shares of company stock valued at $17,689,105 over the last quarter. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $0.73 during midday trading on Wednesday, reaching $107.55. 129,300 shares of the stock traded hands, compared to its average volume of 271,491. The stock has a market capitalization of $4.04 billion, a PE ratio of 149.38, a P/E/G ratio of 5.17 and a beta of 1.46. The company's 50 day moving average is $106.22 and its 200 day moving average is $110.89. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39. 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 announced its quarterly 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. The firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current 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.