Keeler Thomas Management LLC Takes $1.08 Million Position in Goosehead Insurance $GSHD

Keeler Thomas Management LLC acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,206 shares of the company’s stock, valued at approximately $1,077,000.

Several other hedge funds have also recently made changes to their positions in GSHD. Bessemer Group Inc. raised its holdings in shares of Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 shares during the last quarter. CWM LLC raised its holdings in shares of Goosehead Insurance by 73.8% during the second quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after purchasing an additional 200 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance during the first quarter valued at approximately $53,000.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $73.90 on Friday. The firm has a fifty day moving average price of $77.29 and a 200-day moving average price of $93.05. The stock has a market cap of $2.78 billion, a PE ratio of 65.40, a price-to-earnings-growth ratio of 14.87 and a beta of 1.27. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million for the quarter, compared to the consensus estimate of $94.25 million. During the same quarter in the prior year, the company posted $0.50 EPS. Goosehead Insurance’s revenue was up 15.9% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Jr. Jones bought 1,149 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the transaction, the chief financial officer owned 3,491 shares of the company’s stock, valued at $300,505.28. The trade was a 49.06% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Zacks Research cut shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Goosehead Insurance in a report on Wednesday, October 8th. Truist Financial reduced their target price on shares of Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating for the company in a report on Thursday. Piper Sandler reduced their target price on shares of Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $99.90.

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.