Millennium Management LLC Buys 32,998 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Millennium Management LLC grew its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 45.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,074 shares of the company's stock after purchasing an additional 32,998 shares during the period. Millennium Management LLC owned approximately 0.28% of Goosehead Insurance worth $11,266,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Goosehead Insurance during the 4th quarter valued at $39,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance in the fourth quarter worth $63,000. Smartleaf Asset Management LLC grew its position in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after acquiring an additional 509 shares in the last quarter. Jones Financial Companies Lllp grew its position in Goosehead Insurance by 51.8% in the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after acquiring an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Goosehead Insurance in the fourth quarter worth $148,000.

Insider Activity

In other news, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the purchase, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 413,883 shares of company stock valued at $48,268,964. Insiders own 48.35% of the company's stock.

Analyst Ratings Changes

GSHD has been the subject of several research reports. BMO Capital Markets cut their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Truist Financial reissued a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. UBS Group lowered their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.40.

Goosehead Insurance Trading Up 0.1%

Shares of NASDAQ:GSHD traded up $0.14 during midday trading on Thursday, hitting $108.75. 31,152 shares of the stock traded hands, compared to its average volume of 271,884. The stock has a market capitalization of $4.08 billion, a PE ratio of 151.05, a P/E/G ratio of 5.17 and a beta of 1.45. The business's 50 day moving average is $108.00 and its two-hundred day moving average is $111.62. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data 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 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 company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

About Goosehead Insurance

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.