30,422 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 30,422 shares of the company's stock, valued at approximately $3,262,000. Lighthouse Investment Partners LLC owned approximately 0.08% of Goosehead Insurance as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after buying an additional 100 shares in the last quarter. Mechanics Bank Trust Department grew its position in Goosehead Insurance by 4.5% during the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock worth $274,000 after acquiring an additional 109 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Goosehead Insurance by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after purchasing an additional 139 shares in the last quarter. New York State Teachers Retirement System raised its position in Goosehead Insurance by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after purchasing an additional 204 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Goosehead Insurance by 2.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after purchasing an additional 210 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GSHD shares. 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. Truist Financial reaffirmed a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Piper Sandler reduced 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 report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at $16,290,838.41. The trade was a 12.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of Goosehead Insurance stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the sale, the general counsel now directly owns 1,000 shares of the company's stock, valued at $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 412,778 shares of company stock valued at $48,147,358 in the last quarter. 37.76% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded up $4.93 during mid-day trading on Friday, reaching $113.83. 406,009 shares of the company's stock were exchanged, compared to its average volume of 274,290. The business's fifty day simple moving average is $108.98 and its 200 day simple moving average is $111.59. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39. The firm has a market capitalization of $4.27 billion, a PE ratio of 158.10, a P/E/G ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same period in the previous year, the company earned $0.28 earnings per share. The company's quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts expect that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

About Goosehead Insurance

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.