8,796 Shares in Goosehead Insurance $GSHD Acquired by Future Fund LLC

Future Fund LLC purchased a new stake in shares of Goosehead Insurance (NASDAQ:GSHD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,796 shares of the company’s stock, valued at approximately $928,000.

A number of other hedge funds have also recently added to or reduced their stakes in GSHD. Bryce Point Capital LLC increased its stake in shares of Goosehead Insurance by 2.2% during the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company’s stock worth $734,000 after purchasing an additional 148 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Goosehead Insurance by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 146,330 shares of the company’s stock worth $15,439,000 after buying an additional 5,363 shares during the last quarter. Bank of Montreal Can boosted its holdings in Goosehead Insurance by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 5,299 shares of the company’s stock valued at $559,000 after purchasing an additional 116 shares during the period. Meixler Investment Management Ltd. grew its position in Goosehead Insurance by 29.5% during the second quarter. Meixler Investment Management Ltd. now owns 2,421 shares of the company’s stock worth $255,000 after buying an additional 552 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Goosehead Insurance by 2.5% during the 2nd quarter. Amalgamated Bank now owns 7,051 shares of the company’s stock worth $744,000 after purchasing an additional 170 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GSHD shares. Piper Sandler dropped their price target on shares of Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a research report on Friday, October 31st. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, July 25th. JMP Securities reduced their price objective on Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Goosehead Insurance in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $99.00.

Goosehead Insurance Price Performance

GSHD opened at $69.55 on Friday. The firm has a 50 day simple moving average of $73.77 and a 200 day simple moving average of $90.12. Goosehead Insurance has a fifty-two week low of $64.40 and a fifty-two week high of $130.39. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 61.55, a price-to-earnings-growth ratio of 11.35 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, October 23rd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The business had revenue of $90.27 million for the quarter, compared to analyst estimates of $94.25 million. Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.Goosehead Insurance’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. As a group, analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Jr. Jones bought 873 shares of the business’s stock in a transaction on Monday, October 27th. The stock was bought at an average cost of $74.44 per share, for a total transaction of $64,986.12. Following the purchase, the chief financial officer directly owned 4,364 shares of the company’s stock, valued at approximately $324,856.16. This trade represents a 25.01% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 179,309 shares of company stock valued at $15,663,980 over the last three months. Company insiders own 48.35% of the company’s stock.

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.