Oppenheimer Asset Management Inc. Has $3.69 Million Stock Position in Goosehead Insurance (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. lowered its stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 31,273 shares of the company's stock after selling 4,928 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.08% of Goosehead Insurance worth $3,692,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GSHD. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $55,326,000. American Century Companies Inc. grew its position in shares of Goosehead Insurance by 51.4% during the 4th 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 in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Goosehead Insurance by 89.5% during the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Goosehead Insurance by 312.2% during the 4th 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 in the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $8,737,000.

Goosehead Insurance Trading Up 1.7%

NASDAQ:GSHD traded up $1.68 during trading hours on Friday, hitting $102.40. 648,562 shares of the company were exchanged, compared to its average volume of 271,236. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 86.05, a price-to-earnings-growth ratio of 7.21 and a beta of 1.46. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a one year low of $55.08 and a one year high of $130.39. The company has a fifty day simple moving average of $104.42 and a 200 day simple moving average of $108.89.

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

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group cut their price target 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. Piper Sandler cut their price target 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. Keefe, Bruyette & Woods upped their price target 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. Finally, BMO Capital Markets cut their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $115.40.

Insider Buying and Selling

In related news, major shareholder Lindy Langston sold 1,105 shares of Goosehead Insurance stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total transaction of $121,605.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at $13,492,980.55. This represents a 18.52% 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. Insiders own 48.35% of the company's stock.

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.