Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Acquires $2,473,552.44 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp bought 40,077 shares of Goosehead Insurance stock in a transaction that occurred on Monday, July 27th. The stock was purchased at an average cost of $61.72 per share, for a total transaction of $2,473,552.44. Following the acquisition, the insider owned 2,534,004 shares of the company’s stock, valued at $156,398,726.88. This represents a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

• On Friday, July 24th, Durable Capital Partners Lp purchased 113,646 shares of Goosehead Insurance stock. The shares were purchased at an average price of $58.34 per share, with a total value of $6,630,107.64.

Goosehead Insurance Trading Down 9.7%

Shares of NASDAQ:GSHD opened at $63.86 on Friday. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $93.90. The company’s 50 day moving average is $46.47 and its two-hundred day moving average is $48.72. The company has a market cap of $2.27 billion, a PE ratio of 46.61, a P/E/G ratio of 2.53 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities research analysts expect that Goosehead Insurance will post 1.45 EPS for the current year.

More Goosehead Insurance News

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Durable Capital Partners purchased 40,077 shares for approximately $2.47 million on July 27, after buying an additional 113,646 shares worth about $6.63 million on July 24. The purchases increased its position by 1.61% and suggest confidence from a large shareholder. Goosehead Insurance Major Shareholder Acquires Stock
• Neutral Sentiment: Analyst views remain mixed. JPMorgan has a neutral rating with a $60 target, while UBS and Cantor Fitzgerald remain bullish with targets of $72 and $76. The consensus rating is “Hold,” with an average price target of $68.45. Analysts Have Conflicting Sentiments on Goosehead Insurance
• Negative Sentiment: Major shareholders disclosed several sales totaling 137,519 shares and roughly $9.53 million. Robyn Jones Descendants Mark sold 125,000 shares for about $8.71 million, followed by smaller sales from Adrienne Kebodeaux, The Bear Irrevocable Trust and the Jones descendants. Although the Jones descendants still own approximately 6.87 million shares, the transactions may raise concerns about insider confidence and add to selling pressure. Goosehead Insurance Insider Sales Filing
• Negative Sentiment: Goosehead’s latest results showed adjusted strength in profitability, with earnings of $0.64 per share beating the $0.47 consensus estimate, but revenue of $95.63 million fell short of the $103.30 million forecast. Revenue still grew 20.6% year over year, though the stock’s elevated valuation—roughly 47 times earnings—leaves less room for disappointing growth.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. UBS Group boosted their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler upped their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $76.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $68.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Phocas Financial Corp. purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $3,669,000. M&T Bank Corp raised its position in Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares during the last quarter. Langdon Equity Partners acquired a new stake in Goosehead Insurance during the 4th quarter worth $41,892,000. Northwestern Mutual Wealth Management Co. grew its position in Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after purchasing an additional 64,963 shares during the last quarter. Finally, UBS Group AG increased its stake in Goosehead Insurance by 26.7% in the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after purchasing an additional 32,920 shares during the period.

Goosehead Insurance Company 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.