Y Intercept Hong Kong Ltd Takes Position in Goosehead Insurance (NASDAQ:GSHD)

Y Intercept Hong Kong Ltd bought a new stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,959 shares of the company's stock, valued at approximately $349,000.

Several other large investors have also recently made changes to their positions in the business. Bessemer Group Inc. increased its holdings in Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Larson Financial Group LLC increased its holdings in Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after acquiring an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance in the 1st quarter worth about $53,000. KBC Group NV increased its holdings in Goosehead Insurance by 20.7% in the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock worth $130,000 after acquiring an additional 189 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Goosehead Insurance in the 4th quarter worth about $148,000.

Goosehead Insurance Price Performance

Shares of GSHD traded down $5.19 during trading hours on Friday, reaching $85.72. 735,479 shares of the company's stock traded hands, compared to its average volume of 294,360. The stock has a market cap of $3.22 billion, a PE ratio of 75.86, a price-to-earnings-growth ratio of 8.02 and a beta of 1.42. 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 firm's 50 day simple moving average is $101.99 and its 200-day simple moving average is $107.43. Goosehead Insurance has a 12 month low of $79.33 and a 12 month high of $130.39.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler restated a "neutral" rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. UBS Group cut their target price on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Monday. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $109.50.

Insider Transactions at Goosehead Insurance

In other news, CFO Mark E. Jr. Jones acquired 1,149 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of $86.08 per share, with a total value of $98,905.92. Following the acquisition, the chief financial officer owned 3,491 shares in the company, valued at approximately $300,505.28. This represents a 49.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lindy Langston sold 11,042 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $110.20, for a total value of $1,216,828.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,966 shares of company stock valued at $12,407,821. 48.35% of the stock is currently owned by corporate insiders.

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.