NBC Securities Inc. Raises Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

NBC Securities Inc. boosted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 78,116.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,693 shares of the company's stock after purchasing an additional 4,687 shares during the period. NBC Securities Inc.'s holdings in Goosehead Insurance were worth $554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in Goosehead Insurance during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC raised 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 during the period. Jones Financial Companies Lllp raised 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 during the period. New Age Alpha Advisors LLC bought a new position in Goosehead Insurance in the fourth quarter worth approximately $148,000. Finally, Prudent Man Advisors LLC bought a new position in Goosehead Insurance in the fourth quarter worth approximately $214,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GSHD shares. Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target 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. Truist Financial reiterated a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, UBS Group decreased their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $115.40.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total transaction of $60,060.00. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Lindy Langston sold 1,105 shares of the firm's 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 disclosure for this sale can be found here. Insiders sold a total of 163,178 shares of company stock valued at $17,749,165 over the last three months. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $0.98 during midday trading on Friday, reaching $112.21. The stock had a trading volume of 171,026 shares, compared to its average volume of 273,120. The stock has a 50-day moving average of $106.77 and a 200-day moving average of $111.07. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 155.85, a price-to-earnings-growth ratio of 5.17 and a beta of 1.46. Goosehead Insurance, Inc has a 12-month low of $54.80 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, research analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal 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.