UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 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 Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after buying an additional 19,980 shares during the period. American Century Companies Inc. lifted its position in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after acquiring an additional 220,267 shares during the last quarter. Whitebark Investors LP bought a new stake in shares of Goosehead Insurance during the fourth quarter worth approximately $55,326,000. Northern Trust Corp grew its position in shares of Goosehead Insurance by 10.4% in the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after purchasing an additional 25,173 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Goosehead Insurance by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock worth $23,125,000 after purchasing an additional 5,459 shares during the period.

Goosehead Insurance Price Performance

GSHD traded up $0.98 on Friday, hitting $112.21. 171,026 shares of the stock were exchanged, compared to its average volume of 272,632. The business has a 50-day moving average of $106.77 and a two-hundred day moving average of $111.21. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 155.85, a PEG ratio of 5.17 and a beta of 1.45. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. 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, beating 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 business had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same period last year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $15,897,761.88. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the sale, the general counsel now owns 1,000 shares of the company's stock, valued at approximately $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,178 shares of company stock worth $17,749,165. Insiders own 48.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GSHD. Truist Financial restated a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating 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 note on Thursday, April 24th. Bank of America lifted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $115.40.

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.