UBS Group AG Acquires 32,920 Shares of Goosehead Insurance $GSHD

UBS Group AG boosted its holdings in Goosehead Insurance (NASDAQ:GSHD) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,019 shares of the company’s stock after acquiring an additional 32,920 shares during the quarter. UBS Group AG’s holdings in Goosehead Insurance were worth $11,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wasatch Advisors LP increased its stake in Goosehead Insurance by 12.6% in the second 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 period. Durable Capital Partners LP boosted its position 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 buying an additional 861,374 shares in the last quarter. State Street Corp boosted its position in Goosehead Insurance by 1.4% in the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares in the last quarter. DF Dent & Co. Inc. boosted its position in Goosehead Insurance by 2.0% in the third quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock valued at $75,344,000 after buying an additional 20,085 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Goosehead Insurance by 118.7% in the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after buying an additional 302,130 shares in the last quarter.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $48.07, for a total transaction of $255,107.49. Following the transaction, the insider directly owned 7,214,193 shares in the company, valued at approximately $346,786,257.51. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louis Goldberg bought 5,575 shares of Goosehead Insurance stock in a transaction dated 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 completion of the transaction, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 10,576 shares of company stock worth $494,568 over the last quarter. 38.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Piper Sandler reduced their price target on shares of Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on shares of 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, Citizens Jmp reduced their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $67.45.

Goosehead Insurance Trading Up 2.2%

Shares of GSHD stock opened at $37.65 on Friday. Goosehead Insurance has a 1 year low of $35.83 and a 1 year high of $114.76. The firm’s 50 day moving average is $43.56 and its 200-day moving average is $58.78. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.35 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $105.16 million. During the same period in the prior year, the business earned $0.26 earnings per share. Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities research analysts forecast that Goosehead Insurance will post 1.4 earnings per share for the current fiscal year.

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.