Y Intercept Hong Kong Ltd Takes $349,000 Position in Goosehead Insurance (NASDAQ:GSHD)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,959 shares of the company's stock, valued at approximately $349,000.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares in the last quarter. KBC Group NV lifted its holdings in Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after purchasing an additional 189 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Goosehead Insurance by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after purchasing an additional 254 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Goosehead Insurance by 7.6% during the fourth quarter. Bank of Montreal Can now owns 4,366 shares of the company's stock valued at $468,000 after purchasing an additional 307 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Piper Sandler reissued a "neutral" rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. JMP Securities reissued a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, UBS Group lowered their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $109.50.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded down $5.19 during trading hours on Friday, hitting $85.72. 735,483 shares of the company were exchanged, compared to its average volume of 362,981. Goosehead Insurance has a 1 year low of $79.33 and a 1 year high of $130.39. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The business has a 50-day moving average of $101.53 and a 200-day moving average of $107.29. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 75.86, a P/E/G ratio of 7.98 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. As a group, analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Lindy Langston sold 2,853 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total transaction of $314,286.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark E. Jr. Jones bought 1,149 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the transaction, the chief financial officer directly owned 3,491 shares of the company's stock, valued at $300,505.28. This trade represents a 49.06% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 118,966 shares of company stock valued at $12,407,821 over the last three months. Insiders own 48.35% of the company's stock.

Goosehead Insurance Company 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.