Goosehead Insurance $GSHD Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Goosehead Insurance by 1.6% in the first quarter, holding approximately 6.55% of the company with a total worth of $290.36 million after selling 40,061 shares.
• Goosehead Insurance reported a quarterly EPS of $0.49, missing the consensus estimate of $0.53, with revenues slightly below analyst expectations at $94.03 million.
• Several analysts have downgraded their price targets for Goosehead Insurance, with Keefe, Bruyette & Woods and BMO Capital Markets both lowering price targets to $120.00 and $110.00 respectively.

Vanguard Group Inc. cut its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,459,418 shares of the company's stock after selling 40,061 shares during the period. Vanguard Group Inc. owned about 6.55% of Goosehead Insurance worth $290,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after purchasing an additional 139 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of 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 acquiring an additional 178 shares during the period. KBC Group NV grew its position in shares of Goosehead Insurance by 20.7% in the first 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. lifted its stake in shares of Goosehead Insurance by 192.9% during the first 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. Finally, Bank of Montreal Can raised its stake in Goosehead Insurance by 7.6% during the fourth quarter. Bank of Montreal Can now owns 4,366 shares of the company's stock worth $468,000 after purchasing an additional 307 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider owned 132,349 shares of the company's stock, valued at $11,515,686.49. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 255,665 shares of company stock valued at $22,840,936 in the last quarter. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Price Performance

GSHD traded down $1.8410 during trading on Thursday, reaching $86.6690. 109,946 shares of the company were exchanged, compared to its average volume of 301,456. The company's 50-day moving average is $95.72 and its two-hundred day moving average is $105.49. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 76.52, a P/E/G ratio of 7.39 and a beta of 1.31. 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 has a 12-month low of $79.33 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued 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 company 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 business's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company 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.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. UBS Group cut their target price 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. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $110.91.

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.