Schonfeld Strategic Advisors LLC Acquires Shares of 6,440 Goosehead Insurance, Inc (NASDAQ:GSHD)

Schonfeld Strategic Advisors LLC acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,440 shares of the company's stock, valued at approximately $690,000.

A number of other hedge funds have also recently bought and sold shares of GSHD. R Squared Ltd bought a new position in Goosehead Insurance in the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance during the third quarter valued at about $63,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC grew its stake in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after buying an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the last quarter.

Goosehead Insurance Stock Up 1.5%

Shares of NASDAQ:GSHD traded up $1.56 during trading on Thursday, hitting $107.61. The company's stock had a trading volume of 48,078 shares, compared to its average volume of 285,826. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The business has a 50 day moving average price of $109.14 and a two-hundred day moving average price of $111.59. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $4.04 billion, a PE ratio of 149.45, 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, 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 firm had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same period in the prior year, the business posted $0.28 earnings per share. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial reaffirmed a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Piper Sandler cut 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. Bank of America raised their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, BMO Capital Markets lowered their price objective on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $115.40.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the purchase, the chief financial officer now owns 2,342 shares of the company's stock, valued at approximately $276,402.84. This represents a 75.83% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 410,278 shares of company stock worth $47,886,308. 37.76% of the stock is 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.