Goosehead Insurance $GSHD Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,527 shares of the company’s stock after selling 36,586 shares during the period. Dimensional Fund Advisors LP’s holdings in Goosehead Insurance were worth $17,556,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GSHD. EverSource Wealth Advisors LLC boosted its position in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance in the 4th quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Goosehead Insurance during the 4th quarter valued at $79,000.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total transaction of $8,713,750.00. Following the completion of the transaction, the insider directly owned 6,870,180 shares of the company’s stock, valued at approximately $478,920,247.80. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Durable Capital Partners Lp bought 113,646 shares of Goosehead Insurance stock in a transaction dated Friday, July 24th. The shares were acquired at an average price of $58.34 per share, with a total value of $6,630,107.64. Following the completion of the purchase, the insider directly owned 2,493,927 shares in the company, valued at $145,495,701.18. This trade represents a 4.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 202,779 shares of company stock worth $11,829,350 and have sold 468,616 shares worth $26,163,838. Insiders own 38.07% of the company’s stock.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $65.20 on Friday. Goosehead Insurance has a one year low of $33.68 and a one year high of $90.79. The company has a 50 day moving average of $49.76 and a 200-day moving average of $48.62. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 2.39 and a beta of 1.38.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citizens Jmp cut their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Bank of America dropped their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Piper Sandler raised their price target on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.45.

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.