Oppenheimer Asset Management Inc. Sells 4,928 Shares of Goosehead Insurance (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. lowered its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,273 shares of the company's stock after selling 4,928 shares during the period. Oppenheimer Asset Management Inc. owned about 0.08% of Goosehead Insurance worth $3,692,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after acquiring an additional 509 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Goosehead Insurance by 51.8% during the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock valued at $97,000 after acquiring an additional 309 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $148,000. Prudent Man Advisors LLC bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $214,000. Finally, Systematic Alpha Investments LLC bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $214,000.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research reports. UBS Group decreased their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. BMO Capital Markets decreased their price objective on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Piper Sandler reduced their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, JMP Securities restated a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. One 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's stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of "Hold" and an average price target of $115.40.

Insiders Place Their Bets

In other news, General Counsel John Terry O'connor sold 2,500 shares of Goosehead Insurance stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel now directly owns 1,000 shares of the company's stock, valued at $104,420. The trade was a 71.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock in a transaction that occurred 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. Over the last three months, insiders have sold 118,966 shares of company stock valued at $12,407,821. Insiders own 37.76% of the company's stock.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded up $1.68 during trading on Friday, hitting $102.40. 648,562 shares of the company's stock traded hands, compared to its average volume of 271,236. The stock has a market capitalization of $3.84 billion, a P/E ratio of 86.05, a PEG ratio of 7.21 and a beta of 1.46. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.79 and a quick ratio of 2.79. The business has a 50-day simple moving average of $104.42 and a 200-day simple moving average of $108.84. Goosehead Insurance has a 1 year low of $55.08 and a 1 year high of $130.39.

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 for the quarter, compared to analysts' expectations of $78.59 million. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts forecast 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.