DekaBank Deutsche Girozentrale Invests $35,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, Holdings Channel reports. The firm bought 464 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also recently made changes to their positions in GSHD. Meeder Asset Management Inc. bought a new stake in shares of Goosehead Insurance in the 4th quarter worth about $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth about $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of Goosehead Insurance by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock worth $58,000 after acquiring an additional 166 shares during the last quarter. Group One Trading L.P. bought a new stake in shares of Goosehead Insurance in the 1st quarter worth about $59,000. Finally, Quantbot Technologies LP bought a new stake in shares of Goosehead Insurance in the 2nd quarter worth about $65,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GSHD shares. Piper Sandler raised their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. BMO Capital Markets decreased their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. TD Cowen assumed coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Truist Financial reduced their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.88.

Insider Transactions at Goosehead Insurance

In other news, CFO Mark E. Jr. Jones acquired 1,332 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $74.86 per share, with a total value of $99,713.52. Following the transaction, the chief financial officer now directly owns 1,332 shares in the company, valued at $99,713.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Mark E. Jr. Jones acquired 1,332 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $74.86 per share, with a total value of $99,713.52. Following the transaction, the chief financial officer now directly owns 1,332 shares in the company, valued at $99,713.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark Miller acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $73.86 per share, for a total transaction of $369,300.00. Following the transaction, the chief operating officer now owns 20,000 shares in the company, valued at $1,477,200. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

Goosehead Insurance Trading Up 0.1 %

NASDAQ:GSHD opened at $56.50 on Thursday. The firm has a 50-day simple moving average of $72.94 and a 200-day simple moving average of $73.11. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. Goosehead Insurance, Inc has a one year low of $51.06 and a one year high of $92.76. The firm has a market cap of $2.14 billion, a P/E ratio of 99.12, a P/E/G ratio of 3.98 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Equities analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

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.