Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Purchased by GAMMA Investing LLC

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

Other institutional investors have also modified their holdings of the company. Entropy Technologies LP acquired a new stake in Goosehead Insurance during the fourth quarter worth $247,000. Louisiana State Employees Retirement System grew its holdings in shares of Goosehead Insurance by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock worth $1,265,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System grew its position in Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock worth $1,444,000 after purchasing an additional 204 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Goosehead Insurance by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after purchasing an additional 4,333 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Goosehead Insurance during the 4th quarter worth approximately $63,000.

Insider Buying and Selling

In other news, major shareholder Lindy Langston sold 11,042 shares of the business'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $101.95, for a total value of $3,066,757.95. Following the sale, the insider now directly owns 132,349 shares in the company, valued at $13,492,980.55. This trade represents 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 worth $17,689,105 in the last 90 days. 48.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GSHD. JPMorgan Chase & Co. dropped their price objective 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. Truist Financial restated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. UBS Group dropped 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 note on Monday, April 28th. Finally, Bank of America increased their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded up $0.69 during mid-day trading on Thursday, reaching $108.24. The company had a trading volume of 145,587 shares, compared to its average volume of 270,990. The business has a fifty day simple moving average of $106.22 and a 200 day simple moving average of $110.89. The company has a market cap of $4.06 billion, a P/E ratio of 150.34, a P/E/G ratio of 5.17 and a beta of 1.46. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts predict 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.