Walleye Capital LLC purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,586 shares of the company's stock, valued at approximately $2,314,000. Walleye Capital LLC owned 0.06% of Goosehead Insurance at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Goosehead Insurance during the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance in the third quarter worth $63,000. Kestra Investment Management LLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter worth $63,000. Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after buying an additional 257 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. Finally, Truist Financial reaffirmed a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.70.
Get Our Latest Analysis on Goosehead Insurance
Goosehead Insurance Trading Down 13.8 %
GSHD traded down $14.60 during trading hours on Thursday, reaching $91.30. The company's stock had a trading volume of 482,356 shares, compared to its average volume of 278,006. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50-day moving average is $114.24 and its 200-day moving average is $111.10. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The stock has a market cap of $3.41 billion, a PE ratio of 127.36, a P/E/G 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 stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. This trade represents a 24.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last ninety days. Corporate insiders own 48.35% of the company's stock.
About Goosehead Insurance
(
Free Report)
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.
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