Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder Durable Capital Partners Lp acquired 40,077 shares of the stock in a transaction dated Monday, July 27th. The stock was bought at an average price of $61.72 per share, for a total transaction of $2,473,552.44. Following the completion of the purchase, the insider owned 2,534,004 shares in the company, valued at approximately $156,398,726.88. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 Friday, July 24th, Durable Capital Partners Lp bought 113,646 shares of Goosehead Insurance stock. The stock was bought at an average cost of $58.34 per share, with a total value of $6,630,107.64.
Goosehead Insurance Price Performance
Goosehead Insurance stock opened at $68.82 on Wednesday. The business has a 50 day simple moving average of $45.46 and a 200 day simple moving average of $48.82. The company has a market capitalization of $2.45 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. Goosehead Insurance has a one year low of $33.68 and a one year high of $93.90.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly 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 negative return on equity of 21.00% and a net margin of 8.78%.The firm had revenue of $95.63 million for the quarter, compared to analysts' expectations of $103.30 million. During the same period in the prior year, the business posted $0.49 earnings per share. The business's revenue was up 20.6% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance will post 1.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on GSHD shares. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. Weiss Ratings raised shares of Goosehead Insurance from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 9th. Bank of America reduced their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. UBS Group upped their price objective on shares of Goosehead Insurance from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $76.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 23rd. Seven investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.45.
Check Out Our Latest Report on Goosehead Insurance
Hedge Funds Weigh In On Goosehead Insurance
Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company's stock worth $25,000 after purchasing an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after buying an additional 269 shares in the last quarter. Versant Capital Management Inc lifted its position in Goosehead Insurance by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company's stock worth $37,000 after buying an additional 637 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Goosehead Insurance during the 4th quarter worth about $41,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after acquiring an additional 393 shares during the last quarter.
Goosehead Insurance Company Profile
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Get Free Report)
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.
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