6,440 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,440 shares of the company's stock, valued at approximately $690,000.

A number of other hedge funds have also modified their holdings of GSHD. R Squared Ltd purchased a new position in shares of Goosehead Insurance during the 4th quarter worth about $39,000. Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $63,000. GAMMA Investing LLC lifted its stake 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. Smartleaf Asset Management LLC lifted its position in shares of Goosehead Insurance by 462.7% during the fourth 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, Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the third quarter worth $63,000.

Goosehead Insurance Trading Up 2.0%

Shares of NASDAQ GSHD traded up $2.10 during trading on Monday, reaching $105.42. The stock had a trading volume of 333,059 shares, compared to its average volume of 272,436. The business's 50-day moving average price is $109.60 and its 200-day moving average price is $111.67. 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, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The company has a market cap of $3.96 billion, a P/E ratio of 146.42, a PEG 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 EPS 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 during the quarter, compared to analysts' expectations of $78.59 million. During the same period in the previous year, the firm posted $0.28 EPS. Goosehead Insurance's revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $13,492,980.55. This trade represents a 18.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were 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. The trade was a 75.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 338,893 shares of company stock worth $40,459,016 over the last 90 days. 48.35% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on GSHD shares. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Piper Sandler cut their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. UBS Group cut their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Bank of America lifted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets cut their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $115.40.

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.