Freestone Grove Partners LP Buys Shares of 2,625 Goosehead Insurance, Inc (NASDAQ:GSHD)

Freestone Grove Partners LP purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,625 shares of the company's stock, valued at approximately $281,000.

A number of other large investors have also recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth approximately $690,000. Northern Trust Corp increased its stake in shares of Goosehead Insurance by 10.4% in the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after acquiring an additional 25,173 shares in the last quarter. Two Sigma Securities LLC increased its stake in shares of Goosehead Insurance by 14.9% in the 4th quarter. Two Sigma Securities LLC now owns 3,531 shares of the company's stock valued at $379,000 after acquiring an additional 459 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Goosehead Insurance by 27.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,355 shares of the company's stock valued at $1,004,000 after acquiring an additional 2,025 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in Goosehead Insurance during the fourth quarter worth $437,000.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $13,492,980.55. This trade represents a 18.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,893 shares of company stock worth $40,459,016. Insiders own 48.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial reiterated a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $115.40.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded up $0.71 during mid-day trading on Friday, hitting $102.92. 212,852 shares of the stock were exchanged, compared to its average volume of 272,192. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. The company has a 50-day simple moving average of $109.96 and a 200 day simple moving average of $111.67. The company has a market capitalization of $3.86 billion, a P/E ratio of 142.95, a P/E/G ratio of 5.17 and a beta of 1.45. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data 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. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business's revenue was up 17.2% on a year-over-year basis. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

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.