20,286 Shares in Goosehead Insurance $GSHD Purchased by Caxton Associates LLP

Caxton Associates LLP acquired a new stake in Goosehead Insurance (NASDAQ:GSHD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 20,286 shares of the company’s stock, valued at approximately $2,140,000. Caxton Associates LLP owned about 0.05% of Goosehead Insurance as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GSHD. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 12.6% during the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after buying an additional 253,777 shares during the period. State Street Corp grew its stake in shares of Goosehead Insurance by 1.4% in the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock worth $108,412,000 after purchasing an additional 14,311 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Goosehead Insurance by 25.4% during the second quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock valued at $74,422,000 after purchasing an additional 143,038 shares during the period. Durable Capital Partners LP bought a new stake in shares of Goosehead Insurance during the second quarter valued at about $71,832,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Goosehead Insurance by 118.7% in the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock worth $58,744,000 after purchasing an additional 302,130 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have commented on GSHD shares. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Piper Sandler cut their target price on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. BMO Capital Markets lowered their price target on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Goosehead Insurance in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $92.20.

Insiders Place Their Bets

In other Goosehead Insurance news, General Counsel John Terry O’connor bought 2,100 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $71.81 per share, for a total transaction of $150,801.00. Following the acquisition, the general counsel directly owned 3,100 shares of the company’s stock, valued at approximately $222,611. This trade represents a 210.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark E. Jr. Jones purchased 873 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average price of $74.44 per share, with a total value of $64,986.12. Following the completion of the acquisition, the chief financial officer owned 4,364 shares of the company’s stock, valued at $324,856.16. This trade represents a 25.01% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 7,973 shares of company stock worth $577,487 over the last three months. Company insiders own 37.76% of the company’s stock.

Goosehead Insurance Stock Down 0.7%

Shares of Goosehead Insurance stock opened at $77.83 on Monday. Goosehead Insurance has a 12-month low of $64.40 and a 12-month high of $127.99. The firm has a market capitalization of $2.87 billion, a PE ratio of 68.88, a price-to-earnings-growth ratio of 12.95 and a beta of 1.52. The stock’s fifty day moving average is $70.52 and its 200-day moving average is $84.41.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million during the quarter, compared to analysts’ expectations of $94.25 million. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

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.