Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Durable Capital Partners Lp Purchases 36,256 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp purchased 36,256 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $61.92 per share, for a total transaction of $2,244,971.52. Following the completion of the acquisition, the insider directly owned 2,570,260 shares in the company, valued at $159,150,499.20. The trade was a 1.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, July 27th, Durable Capital Partners Lp acquired 40,077 shares of Goosehead Insurance stock. The shares were bought at an average price of $61.72 per share, with a total value of $2,473,552.44.
• On Friday, July 24th, Durable Capital Partners Lp acquired 113,646 shares of Goosehead Insurance stock. The stock was bought at an average cost of $58.34 per share, for a total transaction of $6,630,107.64.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $68.56 on Wednesday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 50.04, a P/E/G ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $90.79. The firm’s 50-day simple moving average is $47.93 and its two-hundred day simple moving average is $48.57.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 20.6% compared to the same quarter last year. Analysts forecast that Goosehead Insurance will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its holdings in Goosehead Insurance by 32.3% during the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after acquiring an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares in the last quarter. Durable Capital Partners LP boosted its stake in Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after purchasing an additional 861,374 shares during the period. DF Dent & Co. Inc. boosted its stake in Goosehead Insurance by 3.2% in the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock worth $76,939,000 after purchasing an additional 32,246 shares during the period. Finally, State Street Corp grew its holdings 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 buying an additional 14,311 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $76.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 23rd. Keefe, Bruyette & Woods dropped their price target on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings upgraded Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Piper Sandler increased their price target on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. 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.com, the company currently has an average rating of “Hold” and a consensus 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.