Goosehead Insurance $GSHD Stock Position Raised by Amundi

Key Points

• Amundi's Investment Growth: Amundi increased its holdings in Goosehead Insurance by 181.0%, acquiring an additional 33,188 shares during the first quarter, bringing its total to 51,524 shares, valued at approximately $6.2 million.
• Analyst Rating Changes: Recent brokerage reports have trimmed price targets for Goosehead Insurance, with UBS setting a new target of $136.00 and BMO Capital Markets lowering theirs to $110.00, while the stock has an average target price of $109.36 and a predominant rating of "Hold."
• Stock Performance: Goosehead Insurance shares opened at $79.44 and have experienced a decline of 1.5%, with a market cap of $2.98 billion and annual performance ranging between a low of $79.32 and a high of $130.39.

Amundi lifted its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 181.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,524 shares of the company's stock after purchasing an additional 33,188 shares during the period. Amundi owned about 0.14% of Goosehead Insurance worth $6,228,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. TCTC Holdings LLC lifted its position in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after buying an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after buying an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at about $53,000. Finally, SVB Wealth LLC bought a new stake in shares of Goosehead Insurance during the 1st quarter valued at about $62,000.

Goosehead Insurance Price Performance

GSHD stock traded up $1.01 during trading on Tuesday, hitting $80.64. The company had a trading volume of 616,262 shares, compared to its average volume of 231,765. The business has a 50 day moving average of $88.83 and a 200 day moving average of $101.58. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 71.36, a P/E/G ratio of 6.82 and a beta of 1.34. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a fifty-two week low of $77.74 and a fifty-two week high of $130.39.

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

Insider Activity

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,149 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the transaction, the chief financial officer owned 3,491 shares in the company, valued at $300,505.28. The trade was a 49.06% increase in their ownership of the stock. The purchase 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 60,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the completion of the sale, the insider directly owned 132,349 shares of the company's stock, valued at $11,677,152.27. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 244,770 shares of company stock worth $21,568,721. 37.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. UBS Group cut their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. BMO Capital Markets lowered their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, July 25th. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned 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, the company currently has an average rating of "Hold" and an average 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.