PEAK6 Investments LLC Takes $577,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

PEAK6 Investments LLC acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,462 shares of the company's stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GSHD. Daiwa Securities Group Inc. boosted its position in shares of Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock worth $2,017,000 after purchasing an additional 8,193 shares in the last quarter. Quarry LP boosted its stake in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company's stock worth $47,000 after acquiring an additional 787 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Goosehead Insurance during the 2nd quarter worth approximately $408,000. Marshall Wace LLP purchased a new stake in shares of Goosehead Insurance during the 2nd quarter worth approximately $436,000. Finally, International Assets Investment Management LLC boosted its position in Goosehead Insurance by 7,593.8% during the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company's stock worth $8,930,000 after purchasing an additional 9,872 shares in the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD traded down $0.18 during mid-day trading on Wednesday, hitting $125.46. The stock had a trading volume of 121,167 shares, compared to its average volume of 286,251. The company has a market cap of $4.66 billion, a PE ratio of 173.72, a PEG ratio of 4.76 and a beta of 1.38. The company's fifty day simple moving average is $106.58 and its two-hundred day simple moving average is $84.45. 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 fifty-two week low of $50.47 and a fifty-two week high of $130.39.

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

Insider Activity

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm's stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46. Following the transaction, the insider now owns 5,000 shares in the company, valued at $451,700. This represents a 37.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,255 shares of company stock worth $12,686,800 over the last three months. Corporate insiders own 38.03% of the company's stock.

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen upped their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Truist Financial lifted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. JMP Securities lifted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a research report on Thursday, October 24th. Finally, Piper Sandler lifted 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 analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.