Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Durable Capital Partners Lp Acquires 113,646 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp acquired 113,646 shares of the business’s stock in a transaction on Friday, July 24th. The stock was acquired at an average price of $58.34 per share, with a total value of $6,630,107.64. Following the transaction, the insider owned 2,493,927 shares in the company, valued at approximately $145,495,701.18. The trade was a 4.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, July 27th, Durable Capital Partners Lp bought 40,077 shares of Goosehead Insurance stock. The shares were acquired at an average price of $61.72 per share, for a total transaction of $2,473,552.44.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $68.82 on Wednesday. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $93.90. The stock has a market capitalization of $2.45 billion, a PE ratio of 50.23, a PEG ratio of 2.22 and a beta of 1.41. The stock’s fifty day moving average is $45.46 and its 200-day moving average is $48.82.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (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 analysts’ expectations 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 for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, analysts forecast that Goosehead Insurance will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSHD. Durable Capital Partners LP increased its stake in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the period. Langdon Equity Partners acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $41,892,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Goosehead Insurance by 3,485.1% in the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock valued at $16,506,000 after buying an additional 376,114 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GSHD. Royal Bank Of Canada upped their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Citizens Jmp lowered their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Bank of America reduced their price objective on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group increased their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.