Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 57.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,463 shares of the company's stock after acquiring an additional 46,665 shares during the period. Voloridge Investment Management LLC owned about 0.35% of Goosehead Insurance worth $13,774,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GSHD. Atomi Financial Group Inc. lifted its position in shares of Goosehead Insurance by 12.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company's stock worth $371,000 after purchasing an additional 385 shares in the last quarter. SG Americas Securities LLC grew its position in Goosehead Insurance by 885.5% in the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company's stock valued at $5,539,000 after purchasing an additional 46,420 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Goosehead Insurance by 10.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company's stock valued at $738,000 after acquiring an additional 679 shares during the last quarter. Cottonwood Capital Advisors LLC acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth about $249,000. Finally, R Squared Ltd acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth about $39,000.

Insider Activity

In related news, Director Thomas Mcconnon sold 205,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Lindy Langston sold 1,105 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total value of $121,605.25. The disclosure for this sale can be found here. Insiders sold 413,883 shares of company stock worth $48,268,964 over the last three months. 48.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target 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. Bank of America boosted their price target 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. Truist Financial restated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. BMO Capital Markets dropped their price target 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. Finally, UBS Group dropped their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $115.40.

Goosehead Insurance Trading Down 0.0%

GSHD stock traded down $0.01 during midday trading on Thursday, reaching $108.60. The company's stock had a trading volume of 40,456 shares, compared to its average volume of 271,953. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a fifty day simple moving average of $108.00 and a two-hundred day simple moving average of $111.62. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 150.68, a PEG ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities research analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

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.