Twinbeech Capital LP Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Twinbeech Capital LP purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 22,945 shares of the company's stock, valued at approximately $2,460,000. Twinbeech Capital LP owned approximately 0.06% of Goosehead Insurance at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Goosehead Insurance by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after buying an additional 100 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Goosehead Insurance by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after buying an additional 139 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after buying an additional 204 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Goosehead Insurance by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after buying an additional 210 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Goosehead Insurance by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after buying an additional 254 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Truist Financial reiterated a "hold" rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their target price 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. Finally, BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. 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 stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Performance

GSHD stock traded up $1.01 during midday trading on Tuesday, reaching $109.81. 19,605 shares of the company's stock traded hands, compared to its average volume of 284,679. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The stock has a market cap of $4.12 billion, a P/E ratio of 152.40, a PEG ratio of 5.17 and a beta of 1.45. 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 stock's 50-day moving average is $108.26 and its 200 day 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 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $75.58 million for 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 revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. As a group, analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Lindy Langston sold 1,105 shares of Goosehead Insurance stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total value of $121,605.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated 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 transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 413,883 shares of company stock worth $48,268,964. Insiders own 48.35% of the company's stock.

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.