Grandeur Peak Global Advisors LLC Has $6.93 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Grandeur Peak Global Advisors LLC cut its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,642 shares of the company's stock after selling 24,718 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.17% of Goosehead Insurance worth $6,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after acquiring an additional 19,980 shares in the last quarter. State Street Corp increased its position in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after buying an additional 185,037 shares during the last quarter. American Century Companies Inc. raised its holdings in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after buying an additional 220,267 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock worth $57,476,000 after buying an additional 5,969 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock valued at $23,125,000 after acquiring an additional 5,459 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded down $0.49 during trading on Thursday, reaching $108.01. The company's stock had a trading volume of 67,741 shares, compared to its average volume of 277,132. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The stock has a 50-day moving average price of $115.03 and a two-hundred day moving average price of $110.59. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market capitalization of $4.03 billion, a P/E ratio of 150.04, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Insiders Place Their Bets

In other news, Director Thomas Mcconnon sold 205,000 shares of the firm's stock in a transaction dated 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 owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of the company's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 308,812 shares of company stock valued at $37,392,258. Insiders own 48.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GSHD. Truist Financial restated a "hold" rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, UBS Group raised their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $110.10.

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.