Insider Buying: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Acquires $6,630,107.64 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp purchased 113,646 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of $58.34 per share, with a total value of $6,630,107.64. Following the completion of the acquisition, the insider directly owned 2,493,927 shares in the company, valued at $145,495,701.18. The trade was a 4.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 purchased at an average cost of $61.72 per share, for a total transaction of $2,473,552.44.

Goosehead Insurance Trading Down 9.7%

NASDAQ GSHD opened at $63.86 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 2.53 and a beta of 1.41. The company has a 50 day moving average of $46.47 and a 200-day moving average of $48.72. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $93.90.

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

Key Goosehead Insurance News

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Durable Capital Partners purchased 40,077 shares for approximately $2.47 million on July 27, after buying an additional 113,646 shares worth about $6.63 million on July 24. The purchases increased its position by 1.61% and suggest confidence from a large shareholder. Goosehead Insurance Major Shareholder Acquires Stock
• Neutral Sentiment: Analyst views remain mixed. JPMorgan has a neutral rating with a $60 target, while UBS and Cantor Fitzgerald remain bullish with targets of $72 and $76. The consensus rating is “Hold,” with an average price target of $68.45. Analysts Have Conflicting Sentiments on Goosehead Insurance
• Negative Sentiment: Major shareholders disclosed several sales totaling 137,519 shares and roughly $9.53 million. Robyn Jones Descendants Mark sold 125,000 shares for about $8.71 million, followed by smaller sales from Adrienne Kebodeaux, The Bear Irrevocable Trust and the Jones descendants. Although the Jones descendants still own approximately 6.87 million shares, the transactions may raise concerns about insider confidence and add to selling pressure. Goosehead Insurance Insider Sales Filing
• Negative Sentiment: Goosehead’s latest results showed adjusted strength in profitability, with earnings of $0.64 per share beating the $0.47 consensus estimate, but revenue of $95.63 million fell short of the $103.30 million forecast. Revenue still grew 20.6% year over year, though the stock’s elevated valuation—roughly 47 times earnings—leaves less room for disappointing growth.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler raised their target price on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citizens Jmp reduced their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 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. Cantor Fitzgerald restated an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.45.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Goosehead Insurance by 484.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after buying an additional 426 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $41,000. Finally, Versant Capital Management Inc raised its stake in shares of Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after buying an additional 637 shares during the last quarter.

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.