Goosehead Insurance $GSHD Shares Sold by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC reduced its stake in Goosehead Insurance by 13.3%, now holding 240,378 shares valued at approximately $25.36 million.
• Goosehead Insurance reported Q2 earnings per share of $0.49, missing estimates, while revenue rose 20.4% year-over-year to $94.03 million.
• Wall Street analysts have mixed ratings on Goosehead Insurance, with an average target price of $108.91 and a consensus rating of "Hold."

Riverbridge Partners LLC lessened its stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,378 shares of the company's stock after selling 36,755 shares during the period. Riverbridge Partners LLC owned 0.64% of Goosehead Insurance worth $25,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Goosehead Insurance Trading Down 0.5%

NASDAQ GSHD opened at $76.96 on Thursday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 68.11, a P/E/G ratio of 6.62 and a beta of 1.34. Goosehead Insurance has a 52-week low of $76.19 and a 52-week high of $130.39. The firm has a 50-day moving average price of $86.49 and a 200 day moving average price of $99.99. 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 posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million for 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 company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The sale 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 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 transaction, the insider directly owned 132,349 shares of the company's stock, valued at approximately $11,677,152.27. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 244,770 shares of company stock valued at $21,568,721. Corporate insiders own 48.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Monday, July 28th. BMO Capital Markets decreased their target price on shares of 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 shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Finally, Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of "Hold" and an average target price of $108.91.

Goosehead Insurance Company 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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