Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its holdings 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 disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GSHD. Kestra Investment Management LLC bought a new stake in Goosehead Insurance during the 4th quarter valued at $63,000. Smartleaf Asset Management LLC lifted its stake in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares during the last quarter. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 309 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Goosehead Insurance during the fourth quarter valued at about $148,000. Finally, Prudent Man Advisors LLC purchased a new position in Goosehead Insurance in the fourth quarter valued at about $214,000.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded up $0.98 during mid-day trading on Friday, reaching $112.21. The stock had a trading volume of 171,026 shares, compared to its average volume of 272,029. The business's fifty day moving average is $106.89 and its 200-day moving average is $111.24. 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 firm has a market cap of $4.21 billion, a price-to-earnings ratio of 155.85, a PEG ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating 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 firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Goosehead Insurance's revenue for the quarter was up 17.2% on a year-over-year basis. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Lindy Langston sold 11,042 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total value of $1,216,828.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $103.74, for a total value of $5,187,000.00. Following the sale, the insider now owns 132,349 shares in the company, valued at $13,729,885.26. This trade represents a 27.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,178 shares of company stock worth $17,749,165 over the last 90 days. 48.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GSHD. Bank of America raised their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research 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. Truist Financial reaffirmed a "hold" rating and set 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 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.40.

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.