BNP Paribas Financial Markets Increases Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

BNP Paribas Financial Markets raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 135.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,200 shares of the company's stock after buying an additional 12,759 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Goosehead Insurance worth $1,982,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GSHD. Cullen Frost Bankers Inc. lifted its position in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company's stock valued at $36,000 after acquiring an additional 210 shares during the period. GAMMA Investing LLC raised its stake in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company's stock valued at $31,000 after purchasing an additional 231 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Goosehead Insurance during the third quarter worth about $29,000. Blue Trust Inc. grew its stake in Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after buying an additional 403 shares in the last quarter. Finally, FMR LLC grew its stake in Goosehead Insurance by 54.8% during the third quarter. FMR LLC now owns 1,446 shares of the company's stock worth $129,000 after buying an additional 512 shares in the last quarter.

Insider Activity

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the stock in a transaction on 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 represents a 66.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. This trade represents a 30.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,255 shares of company stock valued at $12,686,800. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded down $0.70 during trading on Friday, hitting $124.09. 135,313 shares of the company were exchanged, compared to its average volume of 207,057. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a market cap of $4.60 billion, a PE ratio of 172.35, a P/E/G ratio of 4.84 and a beta of 1.38. The stock has a 50 day moving average of $108.71 and a 200 day moving average of $85.58.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to analysts' expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. As a group, equities research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GSHD shares. Royal Bank of Canada lifted their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Piper Sandler increased their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 24th. Finally, Truist Financial boosted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 4th. One investment 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 MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.90.

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.