State Board of Administration of Florida Retirement System grew its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) by 43.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,142 shares of the company’s stock after purchasing an additional 2,470 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Goosehead Insurance were worth $372,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of GSHD. FDx Advisors Inc. increased its position in shares of Goosehead Insurance by 69.5% during the 1st quarter. FDx Advisors Inc. now owns 6,233 shares of the company’s stock valued at $490,000 after purchasing an additional 2,555 shares during the last quarter. Motley Fool Wealth Management LLC bought a new position in shares of Goosehead Insurance during the 1st quarter valued at about $5,113,000. Russell Investments Group Ltd. increased its position in shares of Goosehead Insurance by 13.2% during the 1st quarter. Russell Investments Group Ltd. now owns 62,343 shares of the company’s stock valued at $4,897,000 after purchasing an additional 7,279 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its position in shares of Goosehead Insurance by 13.1% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 81,105 shares of the company’s stock valued at $6,373,000 after purchasing an additional 9,389 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position in shares of Goosehead Insurance by 5.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 10,254 shares of the company’s stock valued at $805,000 after purchasing an additional 559 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on GSHD. Truist Financial reduced their price target on Goosehead Insurance from $55.00 to $40.00 in a research report on Thursday, October 27th. William Blair lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Royal Bank of Canada reduced their price target on Goosehead Insurance from $100.00 to $75.00 in a research report on Thursday, October 27th. Finally, JMP Securities reduced their price target on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.00.
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Goosehead Insurance Stock Performance
NASDAQ GSHD opened at $39.66 on Monday. Goosehead Insurance, Inc has a fifty-two week low of $29.23 and a fifty-two week high of $146.25. The stock has a 50 day simple moving average of $36.90 and a two-hundred day simple moving average of $47.15. The stock has a market cap of $1.48 billion, a P/E ratio of 3,969.97 and a beta of 1.20.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. The business had revenue of $57.69 million during the quarter, compared to analysts’ expectations of $54.02 million. Sell-side analysts predict that Goosehead Insurance, Inc will post -0.01 earnings per share for the current year.
Goosehead Insurance Profile
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.
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