Schonfeld Strategic Advisors LLC Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Schonfeld Strategic Advisors LLC acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, HoldingsChannel reports. The firm acquired 6,440 shares of the company’s stock, valued at approximately $690,000.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after acquiring an additional 220,267 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Goosehead Insurance by 312.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after purchasing an additional 83,028 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $8,737,000. First Trust Advisors LP purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at approximately $5,264,000. Finally, Marshall Wace LLP boosted its holdings in Goosehead Insurance by 981.8% in the 4th quarter. Marshall Wace LLP now owns 53,959 shares of the company’s stock worth $5,785,000 after buying an additional 48,971 shares during the period.

Goosehead Insurance Trading Up 0.7 %

NASDAQ GSHD opened at $102.92 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock’s 50-day simple moving average is $109.96 and its two-hundred day simple moving average is $111.56. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 142.95, a PEG ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the previous year, the company posted $0.28 EPS. Goosehead Insurance’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GSHD. Piper Sandler dropped their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. JMP Securities reissued a “market outperform” rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. Truist Financial reiterated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. One research 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 company has an average rating of “Hold” and an average price target of $115.40.

Insider Activity at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,893 shares of company stock valued at $40,459,016. Insiders own 48.35% of the company’s stock.

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.