Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 135.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the company’s stock after acquiring an additional 12,759 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Goosehead Insurance worth $1,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSHD. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares during the period. Blue Trust Inc. raised its position in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP lifted its holdings in Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter.

Goosehead Insurance Stock Performance

GSHD opened at $124.09 on Friday. The stock has a market cap of $4.60 billion, a PE ratio of 172.35, a P/E/G ratio of 4.84 and a beta of 1.38. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The stock’s 50 day simple moving average is $108.71 and its 200-day simple moving average is $85.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. BMO Capital Markets lifted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Piper Sandler raised their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $97.90.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $450,450. The trade was a 30.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders have sold 122,255 shares of company stock valued at $12,686,800 in the last three months. 48.35% of the stock is owned by corporate 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.