Dynamic Technology Lab Private Ltd bought a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,820 shares of the company's stock, valued at approximately $838,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at about $39,000. Wilmington Savings Fund Society FSB acquired a new position in Goosehead Insurance in the third quarter valued at approximately $63,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance in the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC increased its stake in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after purchasing an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC raised 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 purchasing an additional 257 shares in the last quarter.
Goosehead Insurance Stock Performance
Shares of NASDAQ:GSHD traded down $3.17 during trading on Friday, reaching $107.86. The company had a trading volume of 66,115 shares, compared to its average volume of 278,290. 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 stock's fifty day moving average price is $114.87 and its 200 day moving average price is $110.16. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 149.03, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.
Wall Street Analyst Weigh In
GSHD has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Piper Sandler dropped their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday. Truist Financial reissued a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $110.10.
Get Our Latest Stock Report on GSHD
Insider Buying and Selling at Goosehead Insurance
In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,010 shares of the business's stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 308,812 shares of company stock valued at $37,392,258. 37.76% of the stock is owned by company insiders.
About Goosehead Insurance
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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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