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

Millennium Management LLC increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,074 shares of the company's stock after acquiring an additional 32,998 shares during the quarter. Millennium Management LLC owned about 0.28% of Goosehead Insurance worth $11,266,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Goosehead Insurance by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,791 shares of the company's stock valued at $1,371,000 after purchasing an additional 479 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $3,262,000. Janus Henderson Group PLC raised its holdings in shares of Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares during the period. Granahan Investment Management LLC raised its position in shares of Goosehead Insurance by 12.0% during the fourth quarter. Granahan Investment Management LLC now owns 7,972 shares of the company's stock worth $855,000 after purchasing an additional 854 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Goosehead Insurance by 48.1% in the fourth quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock worth $2,250,000 after purchasing an additional 6,813 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares of the company's stock, valued at $41,138,620.80. This represents a 37.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 413,883 shares of company stock valued at $48,268,964. Insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded up $1.72 during mid-day trading on Tuesday, hitting $110.52. The company had a trading volume of 159,065 shares, compared to its average volume of 272,727. Goosehead Insurance, Inc has a 12-month low of $54.80 and a 12-month 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. The company's fifty day moving average is $108.26 and its 200-day moving average is $111.64. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 153.50, a P/E/G ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same period last year, the company earned $0.28 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

GSHD has been the subject of several research reports. UBS Group cut their price target on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Piper Sandler cut their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial restated a "hold" rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and an average target price of $115.40.

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.