Point72 Asset Management L.P. Takes $665,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Point72 Asset Management L.P. bought a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,200 shares of the company's stock, valued at approximately $665,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock valued at $267,994,000 after purchasing an additional 19,980 shares in the last quarter. American Century Companies Inc. boosted its stake in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after buying an additional 220,267 shares during the last quarter. Northern Trust Corp grew its holdings in Goosehead Insurance by 10.4% during the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after buying an additional 25,173 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Goosehead Insurance by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock worth $23,125,000 after acquiring an additional 5,459 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after acquiring an additional 96,309 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler cut their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial reissued a "hold" rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Bank of America boosted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. 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 report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $115.40.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This trade represents a 12.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of Goosehead Insurance stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the transaction, the general counsel now owns 1,000 shares in the company, valued at $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 413,883 shares of company stock worth $48,268,964 in the last ninety days. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Trading Down 1.0%

Shares of NASDAQ:GSHD traded down $1.14 on Wednesday, hitting $109.39. 18,740 shares of the company's stock were exchanged, compared to its average volume of 271,725. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 152.43, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50 day simple moving average is $108.16 and its two-hundred day simple moving average is $111.64.

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 for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal 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.