Goosehead Insurance $GSHD Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 41.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 873 shares of the company’s stock after purchasing an additional 257 shares during the quarter. GAMMA Investing LLC’s holdings in Goosehead Insurance were worth $92,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GSHD. Principal Financial Group Inc. raised its holdings in Goosehead Insurance by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 121,654 shares of the company’s stock worth $14,362,000 after buying an additional 2,800 shares during the period. Cresset Asset Management LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth about $401,000. Amundi raised its holdings in Goosehead Insurance by 181.0% during the 1st quarter. Amundi now owns 51,524 shares of the company’s stock worth $6,228,000 after buying an additional 33,188 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Goosehead Insurance during the 1st quarter worth about $208,000. Finally, Bessemer Group Inc. raised its holdings in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period.

Insiders Place Their Bets

In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,149 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares of the company’s stock, valued at approximately $300,505.28. This trade represents a 49.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The disclosure for this sale can be found here. Insiders sold 244,770 shares of company stock worth $21,568,721 over the last three months. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Trading Up 1.2%

Shares of NASDAQ GSHD opened at $72.11 on Friday. The business has a fifty day simple moving average of $83.32 and a 200 day simple moving average of $98.26. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 63.81, a PEG ratio of 6.10 and a beta of 1.27. Goosehead Insurance has a one year low of $69.62 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GSHD has been the topic of several research analyst reports. UBS Group lowered their target price on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, July 28th. Truist Financial lowered their price target on Goosehead Insurance from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Cantor Fitzgerald raised Goosehead Insurance to a “strong-buy” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their price target on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets reduced their target price on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $108.91.

Goosehead Insurance Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company 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.