Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,642 shares of the company's stock after selling 24,718 shares during the period. Grandeur Peak Global Advisors LLC owned about 0.17% of Goosehead Insurance worth $6,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GSHD. Louisiana State Employees Retirement System grew its stake in Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after purchasing an additional 100 shares during the last quarter. Mechanics Bank Trust Department raised its stake in shares of Goosehead Insurance by 4.5% during the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock worth $274,000 after acquiring an additional 109 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Goosehead Insurance by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after acquiring an additional 204 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in Goosehead Insurance by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock worth $959,000 after purchasing an additional 210 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Goosehead Insurance by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock worth $299,000 after purchasing an additional 254 shares in the last quarter.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GSHD. Truist Financial restated a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Piper Sandler cut their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. UBS Group upped their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Bank of America upped their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.10.

Goosehead Insurance Stock Performance

Shares of GSHD traded up $0.31 during trading hours on Tuesday, hitting $111.30. The stock had a trading volume of 159,631 shares, compared to its average volume of 278,249. The firm has a 50-day moving average price of $115.11 and a 200 day moving average price of $110.60. 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 $4.15 billion, a price-to-earnings ratio of 154.59, a PEG ratio of 5.17 and a beta of 1.48. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $15,990,406.18. This represents a 24.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. The trade was a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 308,812 shares of company stock valued at $37,392,258 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

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.