Annex Advisory Services LLC Purchases 126,439 Shares of Goosehead Insurance $GSHD

Key Points

• Annex Advisory Services LLC significantly increased its stake in Goosehead Insurance, acquiring an additional 126,439 shares, which raised its total holdings by 1,248.8% to 136,564 shares worth approximately $14.4 million.
• Goosehead Insurance reported earnings of $0.49 per share for the last quarter, missing analyst expectations, but its revenue grew by 20.4% year-over-year to $94.03 million.
• The stock has seen mixed ratings from analysts, with price targets ranging from $92 to $110, and a consensus rating of "Hold."

Annex Advisory Services LLC increased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 1,248.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,564 shares of the company's stock after buying an additional 126,439 shares during the quarter. Annex Advisory Services LLC owned 0.36% of Goosehead Insurance worth $14,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GSHD. Driehaus Capital Management LLC bought a new stake in shares of Goosehead Insurance during the first quarter valued at approximately $22,003,000. Goldman Sachs Group Inc. grew its position in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after purchasing an additional 164,693 shares during the period. GAMMA Investing LLC increased its stake in Goosehead Insurance by 11,900.8% during the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 shares in the last quarter. Nuveen LLC bought a new position in shares of Goosehead Insurance in the first quarter valued at $8,025,000. Finally, Voloridge Investment Management LLC increased its position in shares of Goosehead Insurance by 57.0% during the fourth quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company's stock worth $13,774,000 after acquiring an additional 46,665 shares in the last quarter.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $77.97 on Friday. Goosehead Insurance has a one year low of $77.74 and a one year high of $130.39. The business has a fifty day moving average price of $87.68 and a 200-day moving average price of $100.69. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a market capitalization of $2.93 billion, a P/E ratio of 69.00, a PEG ratio of 6.67 and a beta of 1.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, 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 sale, the insider directly owned 132,349 shares in the company, valued at $11,515,686.49. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 244,770 shares of company stock worth $21,568,721. Insiders own 48.35% of the company's stock.

Analysts Set New Price Targets

GSHD has been the subject of a number of analyst reports. BMO Capital Markets cut their price target 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 raised Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. Piper Sandler dropped their price objective on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods lowered their target price 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 research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $109.36.

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.

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