Riverbridge Partners LLC Has $8.35 Million Stock Holdings in Goosehead Insurance $GSHD

Riverbridge Partners LLC decreased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,817 shares of the company’s stock after selling 14,575 shares during the period. Riverbridge Partners LLC owned 0.54% of Goosehead Insurance worth $8,354,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Durable Capital Partners LP lifted its stake 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 during the period. T. Rowe Price Investment Management Inc. grew its position in shares of 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 buying an additional 556,293 shares during the period. Langdon Equity Partners bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at $41,892,000. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $25,229,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $25,222,000.

Analyst Ratings Changes

GSHD has been the subject of a number of research reports. Royal Bank Of Canada raised their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Bank of America dropped their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. UBS Group cut their price objective on shares of Goosehead Insurance from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Weiss Ratings downgraded Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their target price on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.09.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO John Arthur Martin bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $34.73 per share, with a total value of $173,650.00. Following the completion of the transaction, the chief financial officer directly owned 5,000 shares in the company, valued at approximately $173,650. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $35.56 per share, for a total transaction of $99,568.00. Following the acquisition, the insider directly owned 7,800 shares in the company, valued at $277,368. The trade was a 56.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by insiders.

Goosehead Insurance Stock Up 2.7%

Shares of GSHD opened at $40.06 on Wednesday. The business’s fifty day moving average is $40.33 and its 200 day moving average is $52.54. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $106.84. The stock has a market cap of $1.43 billion, a P/E ratio of 35.14, a P/E/G ratio of 1.35 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating 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 business had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the business posted $0.26 EPS. Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts expect that Goosehead Insurance will post 1.49 EPS for the current 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.