Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Buys 36,256 Shares of Stock

Goosehead Insurance (NASDAQ:GSHDGet Free Report) major shareholder Durable Capital Partners Lp purchased 36,256 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $61.92 per share, with a total value of $2,244,971.52. Following the transaction, the insider owned 2,570,260 shares of the company’s stock, valued at $159,150,499.20. This represents a 1.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Monday, July 27th, Durable Capital Partners Lp acquired 40,077 shares of Goosehead Insurance stock. The shares were purchased at an average cost of $61.72 per share, with a total value of $2,473,552.44.
  • On Friday, July 24th, Durable Capital Partners Lp purchased 113,646 shares of Goosehead Insurance stock. The shares were purchased at an average cost of $58.34 per share, with a total value of $6,630,107.64.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded up $2.91 during trading hours on Tuesday, hitting $68.56. 635,751 shares of the company’s stock traded hands, compared to its average volume of 515,448. The firm has a market capitalization of $2.44 billion, a P/E ratio of 50.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The business has a fifty day moving average price of $47.36 and a 200-day moving average price of $48.59. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $90.79.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. The company had revenue of $95.63 million for the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. As a group, equities analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current year.

Institutional Trading of Goosehead Insurance

Large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter. Versant Capital Management Inc boosted its position in Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after acquiring an additional 637 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance during the fourth quarter worth about $41,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GSHD. Piper Sandler raised their price target on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. UBS Group increased their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 27th. Citizens Jmp reduced their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus price target of $68.45.

Read Our Latest Analysis on GSHD

Goosehead Insurance Company Profile

(Get Free Report)

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

See Also

Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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