Precision Wealth Strategies LLC Has $706,000 Holdings in Goosehead Insurance $GSHD

Precision Wealth Strategies LLC increased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,693 shares of the company’s stock after acquiring an additional 1,162 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Goosehead Insurance were worth $706,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GSHD. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after buying an additional 178 shares during the period. Larson Financial Group LLC grew its position in Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after buying an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance during the 1st quarter worth $53,000. Finally, SVB Wealth LLC bought a new position in Goosehead Insurance during the 1st quarter worth $62,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GSHD. Truist Financial reduced their target price on Goosehead Insurance from $90.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, September 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Piper Sandler dropped their target price on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Finally, BMO Capital Markets cut their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $108.91.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $71.29 on Thursday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 6.37 and a beta of 1.27. Goosehead Insurance has a 52 week low of $70.76 and a 52 week high of $130.39. The stock has a fifty day moving average of $83.66 and a 200-day moving average of $98.57.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. Goosehead Insurance’s revenue for the quarter was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock in a transaction on Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by corporate 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.