International Assets Investment Management LLC Acquires 9,872 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

International Assets Investment Management LLC lifted its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 7,593.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,002 shares of the company's stock after purchasing an additional 9,872 shares during the period. International Assets Investment Management LLC's holdings in Goosehead Insurance were worth $8,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GSHD. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company's stock worth $179,589,000 after acquiring an additional 36,676 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company's stock worth $106,000 after acquiring an additional 165 shares in the last quarter. Norden Group LLC increased its stake in shares of Goosehead Insurance by 1,839.4% in the 1st quarter. Norden Group LLC now owns 109,942 shares of the company's stock worth $7,324,000 after acquiring an additional 104,273 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Goosehead Insurance by 9.6% in the 1st quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company's stock worth $1,285,000 after acquiring an additional 1,682 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Goosehead Insurance by 31.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company's stock worth $295,000 after acquiring an additional 1,058 shares in the last quarter.

Wall Street Analysts Forecast Growth

GSHD has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Royal Bank of Canada increased their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. BMO Capital Markets lowered shares of Goosehead Insurance from an "outperform" rating to a "market perform" rating and set a $90.00 price objective for the company. in a research note on Thursday, August 22nd. Truist Financial raised their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $91.30.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded down $0.10 during trading on Thursday, reaching $108.90. 125,721 shares of the company traded hands, compared to its average volume of 292,566. The firm has a 50 day simple moving average of $90.60 and a 200-day simple moving average of $74.25. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $4.14 billion, a PE ratio of 176.19, a P/E/G ratio of 5.00 and a beta of 1.35. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $111.41.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced 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 the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts anticipate that Goosehead Insurance, Inc will post 0.76 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the transaction, the insider now owns 5,000 shares of the company's stock, valued at approximately $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now owns 5,000 shares of the company's stock, valued at $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark Evan Jones sold 11,699 shares of Goosehead Insurance stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the transaction, the chairman now directly owns 39,451 shares in the company, valued at $3,382,923.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,726 shares of company stock valued at $10,712,638. 48.35% of the stock is owned by insiders.

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.