Wasatch Advisors LP Has $97.79 Million Holdings in Goosehead Insurance $GSHD

Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 32.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,292,227 shares of the company’s stock after purchasing an additional 559,087 shares during the quarter. Wasatch Advisors LP owned about 0.06% of Goosehead Insurance worth $97,786,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GSHD. Wesbanco Bank Inc. grew its stake in Goosehead Insurance by 226.5% in the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock valued at $1,365,000 after buying an additional 22,200 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Goosehead Insurance during the 1st quarter worth $469,000. SG Americas Securities LLC boosted its holdings in Goosehead Insurance by 41.8% during the first quarter. SG Americas Securities LLC now owns 13,056 shares of the company’s stock valued at $557,000 after acquiring an additional 3,847 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $686,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after purchasing an additional 556,293 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $46.87 on Friday. The business’s fifty day moving average price is $40.54 and its two-hundred day moving average price is $52.06. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $106.84. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Research analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the sale, the insider owned 7,050,356 shares of the company’s stock, valued at approximately $294,493,370.12. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $35.56 per share, with a total value of $99,568.00. Following the purchase, the insider directly owned 7,800 shares of the company’s stock, valued at $277,368. The trade was a 56.00% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. Corporate insiders own 38.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings lowered Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Piper Sandler lowered their price target on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Cantor Fitzgerald dropped their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, UBS Group decreased their target price on shares of Goosehead Insurance from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.09.

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.