Wasatch Advisors LP decreased its position in shares of Goosehead Insurance (NASDAQ:GSHD – Free Report) by 17.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,892,453 shares of the company’s stock after selling 399,774 shares during the period. Wasatch Advisors LP owned approximately 0.05% of Goosehead Insurance worth $91,784,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in GSHD. Durable Capital Partners LP lifted its stake in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after purchasing an additional 861,374 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after purchasing an additional 556,293 shares during the last quarter. Langdon Equity Partners bought a new position in shares of Goosehead Insurance in the 4th quarter valued at $41,892,000. Janus Henderson Group PLC raised its holdings in shares of Goosehead Insurance by 3,485.1% during the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after buying an additional 376,114 shares in the last quarter. Finally, Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth $25,229,000.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on GSHD shares. UBS Group raised their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Finally, Bank of America decreased their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $68.45.
Insider Activity at Goosehead Insurance
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total value of $8,713,750.00. Following the transaction, the insider directly owned 6,870,180 shares of the company’s stock, valued at approximately $478,920,247.80. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Durable Capital Partners Lp bought 113,646 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $58.34 per share, for a total transaction of $6,630,107.64. Following the transaction, the insider directly owned 2,493,927 shares in the company, valued at $145,495,701.18. This trade represents a 4.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 202,779 shares of company stock valued at $11,829,350 and have sold 468,616 shares valued at $26,163,838. 38.07% of the stock is currently owned by company insiders.
Goosehead Insurance Stock Performance
Shares of GSHD opened at $65.31 on Wednesday. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $90.79. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.31 and a beta of 1.38. The stock has a fifty day moving average of $50.90 and a 200-day moving average of $48.40.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The company had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. As a group, equities analysts forecast that Goosehead Insurance will post 1.45 EPS for the current year.
Goosehead Insurance Company Profile
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.
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