UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 11,654 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,177 shares of the company's stock after purchasing an additional 11,654 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Goosehead Insurance worth $5,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Goosehead Insurance during the 4th quarter worth $39,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance in the 4th quarter worth $63,000. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 509 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 309 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Goosehead Insurance during the fourth quarter valued at about $148,000.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Lindy Langston sold 1,105 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total transaction of $121,605.25. The sale was disclosed in a legal 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 Goosehead Insurance stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $103.74, for a total transaction of $5,187,000.00. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at $13,729,885.26. This represents a 27.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,178 shares of company stock valued at $17,749,165. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

GSHD traded down $0.12 during trading on Wednesday, reaching $110.49. 148,785 shares of the company's stock were exchanged, compared to its average volume of 272,140. The company has a market capitalization of $4.15 billion, a P/E ratio of 153.46, a PEG ratio of 5.17 and a beta of 1.45. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The business has a 50 day moving average price of $107.18 and a 200 day moving average price of $111.30. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company 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 firm earned $0.28 EPS. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Piper Sandler cut their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Truist Financial reaffirmed 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. JMP Securities reissued a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, 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 research report on Tuesday, February 25th. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.