Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 643,514 shares of the company's stock after purchasing an additional 5,969 shares during the quarter. Geode Capital Management LLC owned about 1.73% of Goosehead Insurance worth $57,476,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Goosehead Insurance by 34.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company's stock valued at $196,956,000 after purchasing an additional 879,959 shares during the period. State Street Corp increased its holdings in Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after buying an additional 185,037 shares during the period. Wasatch Advisors LP raised its position in Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock worth $233,872,000 after buying an additional 138,571 shares during the last quarter. American Century Companies Inc. raised its position in Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company's stock worth $24,179,000 after buying an additional 110,832 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company's stock valued at $22,580,000 after acquiring an additional 51,023 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares of the company's stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,255 shares of company stock valued at $12,686,800 over the last 90 days. Corporate insiders own 48.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GSHD shares. Royal Bank of Canada raised their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th. JMP Securities upped their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 24th. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Finally, Piper Sandler boosted their price target on Goosehead Insurance from $103.00 to $122.00 and gave the company an "overweight" rating in a report on Monday, October 28th. One 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.90.

Goosehead Insurance Price Performance

GSHD traded down $1.76 during trading on Monday, hitting $104.43. The company's stock had a trading volume of 241,188 shares, compared to its average volume of 283,964. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 145.04, a P/E/G ratio of 4.51 and a beta of 1.38. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39. The business's fifty day simple moving average is $113.54 and its 200 day simple moving average is $89.27. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million for the quarter, compared to analysts' expectations of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. On average, equities research analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

About Goosehead Insurance

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.