Dimensional Fund Advisors LP Cuts Stock Position in Goosehead Insurance $GSHD

Key Points

• Dimensional Fund Advisors reduced its Goosehead Insurance stake by 8.2% in the first quarter, selling 36,586 shares and retaining 411,527 shares valued at approximately $17.6 million. Several other hedge funds, including Durable Capital and Wasatch Advisors, increased their positions.
• Analyst sentiment is mixed, with seven Buy, five Hold, and two Sell ratings; the consensus rating is Hold with a price target of $68.45. Recent target changes ranged from Bank of America’s $37 Underperform target to Cantor Fitzgerald’s $76 Overweight target.
• Goosehead reported quarterly EPS of $0.64, beating the $0.47 consensus estimate, while revenue rose 20.6% year over year to $95.63 million but fell short of expectations. The stock opened at $65.20, with a $2.32 billion market capitalization and a P/E ratio of 47.59.

Dimensional Fund Advisors LP reduced its position in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,527 shares of the company's stock after selling 36,586 shares during the quarter. Dimensional Fund Advisors LP owned about 1.16% of Goosehead Insurance worth $17,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GSHD. Durable Capital Partners LP lifted its position in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company's stock valued at $114,769,000 after purchasing an additional 861,374 shares during the period. Wasatch Advisors LP boosted its holdings in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company's stock worth $97,786,000 after buying an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company's stock worth $147,448,000 after purchasing an additional 556,293 shares during the last quarter. Langdon Equity Partners acquired a new stake in shares of Goosehead Insurance in the 4th quarter worth $41,892,000. Finally, Whitebark Investors LP purchased a new stake in shares of Goosehead Insurance in the third quarter valued at about $25,229,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GSHD shares. Weiss Ratings upgraded Goosehead Insurance from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 9th. Royal Bank Of Canada boosted their target price on Goosehead Insurance from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. UBS Group lifted their target price on shares of Goosehead Insurance from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, July 27th. Bank of America dropped their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and a consensus price target of $68.45.

Goosehead Insurance Stock Performance

GSHD stock opened at $65.20 on Friday. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $90.79. The stock's 50 day moving average price is $49.76 and its 200 day moving average price is $48.62. The firm has a market cap of $2.32 billion, a P/E ratio of 47.59, a PEG ratio of 2.39 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Goosehead Insurance's revenue was up 20.6% compared to the same quarter last year. On average, research analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current year.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $69.71, for a total value of $8,713,750.00. Following the completion of the sale, the insider owned 6,870,180 shares of the company's stock, valued at approximately $478,920,247.80. The trade was a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Durable Capital Partners Lp purchased 113,646 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was acquired at an average cost of $58.34 per share, with a total value of $6,630,107.64. Following the completion of the acquisition, the insider directly owned 2,493,927 shares in the company, valued at approximately $145,495,701.18. This trade represents a 4.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 202,779 shares of company stock worth $11,829,350 and sold 468,616 shares worth $26,163,838. Company insiders own 38.07% of the company's stock.

About Goosehead Insurance

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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