FJ Capital Management LLC Raises Stake in Goosehead Insurance $GSHD

Key Points

• FJ Capital Management LLC increased its stake in Goosehead Insurance by 34.4%, owning approximately $4.07 million worth of shares as of the latest SEC filing.
• Analysts have mixed opinions on Goosehead Insurance; with price targets ranging from $110 to $142 and various ratings from "strong buy" to "sell."
• Goosehead Insurance's quarterly earnings missed estimates, reporting $0.49 EPS against a consensus of $0.53, despite a year-over-year revenue growth of 20.4%.

FJ Capital Management LLC increased its holdings in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,498 shares of the company's stock after acquiring an additional 8,837 shares during the quarter. FJ Capital Management LLC owned about 0.09% of Goosehead Insurance worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in Goosehead Insurance by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares during the last quarter. TCTC Holdings LLC grew its position in Goosehead Insurance by 117.1% during the 1st 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. KBC Group NV grew its position in Goosehead Insurance by 20.7% during the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after purchasing an additional 189 shares during the last quarter. Bessemer Group Inc. grew its position in Goosehead Insurance by 192.9% during the 1st 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. Finally, HighTower Advisors LLC grew its position in Goosehead Insurance by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 5,504 shares of the company's stock valued at $650,000 after purchasing an additional 205 shares during the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD traded down $1.00 on Friday, reaching $83.19. The company's stock had a trading volume of 215,738 shares, compared to its average volume of 284,946. 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 stock has a market capitalization of $3.12 billion, a P/E ratio of 73.62, a PEG ratio of 7.21 and a beta of 1.34. The stock's 50 day simple moving average is $91.93 and its two-hundred day simple moving average is $103.38. Goosehead Insurance has a 12-month low of $79.69 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted 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). The business had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. Research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group cut their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Finally, Piper Sandler dropped their price target on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of "Hold" and an average price target of $109.36.

Insider Buying and Selling

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,149 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares in the company, valued at $300,505.28. This represents a 49.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is owned by insiders.

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.