Goosehead Insurance $GSHD Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its holdings in Goosehead Insurance by 179.4% during the first quarter, owning 27,329 shares valued at approximately $3.23 million.
• Several hedge funds, including Bessemer Group Inc. and Larson Financial Group LLC, also significantly increased their investments in Goosehead Insurance, showcasing strong institutional interest.
• Despite a revenue increase of 20.4% year-over-year, Goosehead Insurance reported earnings per share of $0.49, missing analysts' expectations of $0.53.

Quantbot Technologies LP grew its holdings in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 179.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,329 shares of the company's stock after buying an additional 17,547 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Goosehead Insurance worth $3,226,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the period. TCTC Holdings LLC raised its holdings in Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC raised its holdings in Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after purchasing an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Goosehead Insurance during the first quarter worth $53,000. Finally, Simplex Trading LLC acquired a new position in Goosehead Insurance during the first quarter worth $88,000.

Wall Street Analyst Weigh In

GSHD has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group reduced their price objective on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $110.91.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider owned 132,349 shares of the company's stock, valued at $11,677,152.27. This represents a 31.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Lindy Langston sold 11,042 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $110.20, for a total value of $1,216,828.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,665 shares of company stock worth $22,840,936. Corporate insiders own 37.76% of the company's stock.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $86.33 on Wednesday. Goosehead Insurance has a fifty-two week low of $79.33 and a fifty-two week high of $130.39. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 76.40, a price-to-earnings-growth ratio of 7.30 and a beta of 1.31. The business has a fifty day moving average of $96.10 and a 200-day moving average of $105.61. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10.

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

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