Vanguard Group Inc. Has $192.65 Million Holdings in Goosehead Insurance $GSHD

Vanguard Group Inc. lessened its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,588,742 shares of the company’s stock after selling 36,876 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Goosehead Insurance worth $192,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Durable Capital Partners LP acquired a new stake in Goosehead Insurance during the 2nd quarter worth approximately $71,832,000. Balyasny Asset Management L.P. lifted its holdings in shares of Goosehead Insurance by 118.7% during the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock worth $58,744,000 after buying an additional 302,130 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after acquiring an additional 253,777 shares during the period. 3G Capital Partners LP grew its stake in shares of Goosehead Insurance by 105.6% in the second quarter. 3G Capital Partners LP now owns 462,500 shares of the company’s stock valued at $48,798,000 after acquiring an additional 237,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after acquiring an additional 164,693 shares during the period.

Insiders Place Their Bets

In other Goosehead Insurance news, Director Louis Goldberg purchased 5,575 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the transaction, the director owned 5,575 shares in the company, valued at $250,038.75. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GSHD. Piper Sandler upgraded shares of Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price target for the company in a research report on Wednesday, February 18th. Jefferies Financial Group initiated coverage on Goosehead Insurance in a report on Monday, December 1st. They issued a “buy” rating and a $93.00 target price on the stock. Cantor Fitzgerald set a $84.00 price objective on Goosehead Insurance in a research report on Monday, February 23rd. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, UBS Group lowered their target price on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.78.

Goosehead Insurance Stock Up 0.4%

Shares of GSHD stock opened at $54.20 on Monday. Goosehead Insurance has a twelve month low of $42.87 and a twelve month high of $127.99. The stock’s fifty day simple moving average is $64.10 and its 200 day simple moving average is $71.17. The firm has a market capitalization of $1.98 billion, a P/E ratio of 52.12, a P/E/G ratio of 3.83 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. During the same period last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

About Goosehead Insurance

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.