Strs Ohio Purchases New Position in Goosehead Insurance $GSHD

Strs Ohio purchased a new stake in Goosehead Insurance (NASDAQ:GSHD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,100 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its stake in Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after buying an additional 2,461 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after purchasing an additional 3,218 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares during the period. Select Equity Group L.P. bought a new stake in shares of Goosehead Insurance in the 1st quarter worth approximately $1,157,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after purchasing an additional 578 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were 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 through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the transaction, the insider directly owned 132,349 shares of the company’s stock, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 244,770 shares of company stock valued at $21,568,721 over the last three months. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Stock Down 0.5%

Shares of NASDAQ:GSHD opened at $80.36 on Friday. Goosehead Insurance has a 52-week low of $77.74 and a 52-week high of $130.39. The firm has a fifty day moving average of $88.05 and a 200 day moving average of $101.16. The firm has a market capitalization of $3.02 billion, a PE ratio of 71.12, a price-to-earnings-growth ratio of 6.91 and a beta of 1.34. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92.

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

Analysts Set New Price Targets

A number of research firms recently commented on GSHD. Keefe, Bruyette & Woods lowered their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a “strong-buy” rating in a research note on Wednesday, August 13th. UBS Group reduced their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, July 28th. Finally, Piper Sandler reduced their price objective on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. 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 stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus target price of $109.36.

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.