20,487 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Purchased by Natixis

Natixis purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,487 shares of the company's stock, valued at approximately $2,197,000. Natixis owned about 0.06% of Goosehead Insurance as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Goosehead Insurance in the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance in the third quarter worth about $63,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance in the fourth quarter worth about $63,000. Smartleaf Asset Management LLC raised its stake in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock valued at $65,000 after buying an additional 257 shares in the last quarter.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded up $6.35 during midday trading on Friday, reaching $99.54. 992,579 shares of the stock traded hands, compared to its average volume of 283,568. The stock has a market cap of $3.71 billion, a P/E ratio of 138.25, a PEG ratio of 5.17 and a beta of 1.48. The stock's fifty day moving average is $113.80 and its 200-day moving average is $111.14. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GSHD shares. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday. Piper Sandler lowered their target price 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. Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Truist Financial reissued a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, JMP Securities reiterated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.70.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 40,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the sale, the chairman now directly owns 38,951 shares in the company, valued at $4,636,727.04. The trade was a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is currently 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.