Oppenheimer Asset Management Inc. Grows Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. raised its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,016 shares of the company’s stock after purchasing an additional 10,464 shares during the period. Oppenheimer Asset Management Inc. owned 0.10% of Goosehead Insurance worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Goosehead Insurance by 17.2% in the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after acquiring an additional 308,312 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares during the period. American Century Companies Inc. boosted its stake in shares of Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Goosehead Insurance by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock valued at $23,354,000 after purchasing an additional 30,626 shares during the last quarter.

Goosehead Insurance Stock Up 0.2 %

NASDAQ:GSHD opened at $87.42 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a market cap of $3.32 billion, a PE ratio of 141.00, a price-to-earnings-growth ratio of 4.28 and a beta of 1.35. The company has a 50-day moving average of $79.62 and a 200 day moving average of $68.78. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. As a group, research analysts anticipate that Goosehead Insurance, Inc will post 0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GSHD shares. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 25th. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price objective for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. Truist Financial lifted their target price on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Finally, Piper Sandler lifted their price objective on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.40.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,798 shares of company stock valued at $4,454,640. 48.35% of the stock is currently owned by corporate insiders.

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.