Goosehead Insurance $GSHD Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Goosehead Insurance (NASDAQ:GSHD) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,886 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. State of Alaska Department of Revenue’s holdings in Goosehead Insurance were worth $1,569,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. TCTC Holdings LLC grew its position in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Goosehead Insurance in the first quarter valued at approximately $53,000. Finally, SVB Wealth LLC acquired a new stake in Goosehead Insurance during the first quarter worth approximately $62,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, July 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Goosehead Insurance in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.91.

Goosehead Insurance Stock Up 0.1%

Shares of NASDAQ:GSHD opened at $72.20 on Friday. Goosehead Insurance has a 52-week low of $69.62 and a 52-week high of $130.39. The company has a 50 day moving average of $83.01 and a two-hundred day moving average of $97.97. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 63.89, a price-to-earnings-growth ratio of 6.17 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data 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). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. During the same period last year, the business earned $0.43 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider 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 in the last ninety days. 48.35% of the stock is owned by corporate insiders.

About Goosehead Insurance

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.