Oppenheimer Asset Management Inc. Buys 2,214 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. grew its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,230 shares of the company’s stock after purchasing an additional 2,214 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.11% of Goosehead Insurance worth $3,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GSHD. Janney Montgomery Scott LLC grew its stake in shares of Goosehead Insurance by 31.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock valued at $295,000 after purchasing an additional 1,058 shares during the period. Swiss National Bank grew its stake in shares of Goosehead Insurance by 2.4% in the 1st quarter. Swiss National Bank now owns 43,400 shares of the company’s stock valued at $2,891,000 after purchasing an additional 1,000 shares during the period. Sei Investments Co. grew its stake in shares of Goosehead Insurance by 16.4% in the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock valued at $8,259,000 after purchasing an additional 17,443 shares during the period. ProShare Advisors LLC grew its position in Goosehead Insurance by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock worth $294,000 after acquiring an additional 299 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Goosehead Insurance by 25.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,692 shares of the company’s stock worth $512,000 after acquiring an additional 1,540 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price target for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. Royal Bank of Canada increased their price target on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Finally, BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $91.30.

Goosehead Insurance Stock Performance

GSHD stock opened at $119.08 on Friday. The business’s fifty day moving average is $97.59 and its 200-day moving average is $78.82. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $4.42 billion, a P/E ratio of 165.39, a price-to-earnings-growth ratio of 4.66 and a beta of 1.32. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $124.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $450,450. This represents a 30.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark Evan Jones sold 8,977 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This trade represents a 18.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,961 shares of company stock valued at $15,592,994. 48.35% of the stock is owned by company insiders.

Goosehead Insurance 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.