Vanguard Group Inc. Sells 23,843 Shares of Goosehead Insurance $GSHD

Vanguard Group Inc. lessened its stake in Goosehead Insurance (NASDAQ:GSHD) by 0.9% in the fourth quarter, HoldingsChannel reports. The fund owned 2,564,899 shares of the company’s stock after selling 23,843 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Goosehead Insurance worth $188,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wasatch Advisors LP lifted its stake in shares of Goosehead Insurance by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after acquiring an additional 253,777 shares during the last quarter. Durable Capital Partners LP raised its position in Goosehead Insurance by 126.5% during the 3rd 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 during the last quarter. State Street Corp raised its position in Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after purchasing an additional 14,311 shares during the last quarter. DF Dent & Co. Inc. raised its position in Goosehead Insurance by 2.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock valued at $75,344,000 after purchasing an additional 20,085 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Goosehead Insurance by 118.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after purchasing an additional 302,130 shares during the last quarter.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $40.86 on Monday. The company has a market capitalization of $1.46 billion, a P/E ratio of 35.84, a PEG ratio of 1.50 and a beta of 1.62. The stock’s 50 day moving average is $45.28 and its 200 day moving average is $60.03. Goosehead Insurance has a twelve month low of $39.64 and a twelve month high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, equities analysts expect that Goosehead Insurance will post 1.4 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on GSHD. Cantor Fitzgerald lowered their price target on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America lowered their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Royal Bank Of Canada upped their price target on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Seven 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.73.

Insider Activity at Goosehead Insurance

In related news, Director Louis Goldberg purchased 5,575 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director directly owned 5,575 shares of the company’s stock, valued at approximately $250,038.75. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 5,090 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $45.32, for a total value of $230,678.80. Following the completion of the sale, the insider owned 7,203,796 shares in the company, valued at $326,476,034.72. The trade was a 0.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,576 shares of company stock worth $494,568 in the last 90 days. 38.07% of the stock is currently owned by company insiders.

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.