Wasatch Advisors LP Sells 399,774 Shares of Goosehead Insurance $GSHD

Wasatch Advisors LP decreased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,892,453 shares of the company’s stock after selling 399,774 shares during the quarter. Wasatch Advisors LP owned approximately 5.31% of Goosehead Insurance worth $91,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after buying an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Goosehead Insurance by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. grew its stake in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after buying an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after buying an additional 3,218 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,461 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the transaction, the insider owned 6,767,661 shares in the company, valued at $452,553,491.07. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Durable Capital Partners Lp acquired 36,256 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $61.92 per share, with a total value of $2,244,971.52. Following the completion of the acquisition, the insider directly owned 2,570,260 shares in the company, valued at approximately $159,150,499.20. This represents a 1.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety 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 owned by corporate insiders.

Goosehead Insurance Stock Up 1.2%

NASDAQ GSHD opened at $65.31 on Wednesday. The firm has a 50-day moving average price of $50.90 and a two-hundred day moving average price of $48.40. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $90.79. The company has a market capitalization of $2.32 billion, a P/E ratio of 47.67, a P/E/G ratio of 2.31 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last announced its 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. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. Equities analysts expect that Goosehead Insurance will post 1.45 EPS for the current year.

Analysts Set New Price Targets

GSHD has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Royal Bank Of Canada increased their target price on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Finally, UBS Group boosted their price target on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.45.

Goosehead Insurance 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.