Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $258,900.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) 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 value of $258,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Goosehead Insurance Trading Up 3.4%

Shares of GSHD stock opened at $89.49 on Friday. Goosehead Insurance has a fifty-two week low of $79.58 and a fifty-two week high of $130.39. The stock has a market cap of $3.36 billion, a P/E ratio of 79.20, a P/E/G ratio of 7.41 and a beta of 1.31. The business has a fifty day simple moving average of $94.99 and a 200-day simple moving average of $105.25. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $94.18 million. During the same quarter in the prior year, the business earned $0.43 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of Goosehead Insurance by 12.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after buying an additional 253,777 shares during the period. State Street Corp raised its holdings in shares of Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares during the period. Geode Capital Management LLC raised its holdings in shares of Goosehead Insurance by 25.4% during the 2nd quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock valued at $74,422,000 after buying an additional 143,038 shares during the period. Durable Capital Partners LP purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at about $71,832,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Goosehead Insurance by 118.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after buying an additional 302,130 shares during the period.

About Goosehead Insurance

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.