Riverbridge Partners LLC lowered its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD – Free Report) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 392,475 shares of the company’s stock after selling 8,289 shares during the period. Riverbridge Partners LLC owned approximately 1.05% of Goosehead Insurance worth $24,683,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC increased its holdings in Goosehead Insurance by 93.0% during the 1st quarter. Jump Financial LLC now owns 25,088 shares of the company’s stock worth $1,310,000 after purchasing an additional 12,088 shares during the period. Janney Capital Management LLC purchased a new position in Goosehead Insurance in the first quarter worth approximately $369,000. William Blair Investment Management LLC grew its holdings in Goosehead Insurance by 51.3% during the 1st quarter. William Blair Investment Management LLC now owns 739,154 shares of the company’s stock worth $38,584,000 after acquiring an additional 250,480 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $304,000. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Goosehead Insurance by 36.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 6,655 shares of the company’s stock valued at $414,000 after purchasing an additional 1,780 shares in the last quarter.
Insiders Place Their Bets
In other news, CEO Mark Evan Jones sold 12,192 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $66.20, for a total value of $807,110.40. Following the completion of the sale, the chief executive officer now directly owns 196,501 shares of the company’s stock, valued at $13,008,366.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Goosehead Insurance news, CEO Mark Evan Jones sold 12,192 shares of Goosehead Insurance stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $66.20, for a total value of $807,110.40. Following the transaction, the chief executive officer now directly owns 196,501 shares in the company, valued at approximately $13,008,366.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark Miller purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average price of $64.00 per share, with a total value of $128,000.00. Following the purchase, the chief operating officer now directly owns 12,000 shares of the company’s stock, valued at $768,000. The disclosure for this purchase can be found here. In the last three months, insiders have sold 166,200 shares of company stock valued at $10,970,990. Insiders own 48.35% of the company’s stock.
Goosehead Insurance Stock Down 0.6 %
NASDAQ:GSHD opened at $70.00 on Friday. The company has a market capitalization of $1.67 billion, a PE ratio of 269.24, a P/E/G ratio of 3.42 and a beta of 1.17. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $79.40. The stock’s 50 day moving average price is $68.52 and its 200 day moving average price is $61.89.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.14. The business had revenue of $69.28 million during the quarter, compared to the consensus estimate of $66.08 million. Goosehead Insurance had a negative return on equity of 28.63% and a net margin of 2.50%. As a group, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.51 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently commented on GSHD. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. BMO Capital Markets raised Goosehead Insurance from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, September 20th. Royal Bank of Canada upped their price target on Goosehead Insurance from $72.00 to $80.00 in a report on Thursday, July 27th. Finally, Piper Sandler raised their price objective on shares of Goosehead Insurance from $64.00 to $76.00 in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.43.
Get Our Latest Stock Analysis on Goosehead Insurance
About Goosehead Insurance
(Free Report)
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.
Further Reading
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