Goosehead Insurance $GSHD Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 11.6% during the 1st quarter, HoldingsChannel reports. The fund owned 2,475,834 shares of the company’s stock after selling 323,518 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.07% of Goosehead Insurance worth $292,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 4th quarter valued at about $55,326,000. Northern Trust Corp boosted its position in shares of Goosehead Insurance by 10.4% during the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock valued at $28,570,000 after acquiring an additional 25,173 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock valued at $21,870,000 after acquiring an additional 96,309 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock valued at $16,054,000 after acquiring an additional 78,434 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of Goosehead Insurance by 57.0% during the 4th quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company’s stock valued at $13,774,000 after acquiring an additional 46,665 shares during the last quarter.

Goosehead Insurance Trading Up 3.4%

NASDAQ GSHD opened at $89.49 on Friday. The firm’s 50-day moving average is $94.99 and its two-hundred day moving average is $105.24. Goosehead Insurance has a 12 month low of $79.58 and a 12 month high of $130.39. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a market capitalization of $3.36 billion, a P/E ratio of 79.20, a PEG ratio of 7.66 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, July 25th. Cantor Fitzgerald raised shares of Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. UBS Group decreased their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, July 28th. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $110.91.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the sale, the insider owned 132,349 shares in the company, valued at $11,515,686.49. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,665 shares of company stock worth $23,099,836 over the last quarter. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Company 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.