Jump Financial LLC Purchases New Holdings in Goosehead Insurance $GSHD

Key Points

• Jump Financial LLC acquired a new stake in Goosehead Insurance, purchasing 9,974 shares valued at approximately $1,178,000 during the first quarter.
• Insider sales included major shareholder Adrienne Kebodeaux who sold 3,000 shares at an average price of $86.30, leading to a total transaction value of $258,900.
• Goosehead Insurance, despite a year-over-year revenue increase of 20.4%, reported earnings per share of $0.49 which fell short of analyst expectations of $0.53.

Jump Financial LLC acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,974 shares of the company's stock, valued at approximately $1,178,000.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of 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 buying an additional 191 shares during the last quarter. TCTC Holdings LLC grew its position in shares of 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 buying an additional 178 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after buying an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Goosehead Insurance during the 1st quarter valued at about $53,000. Finally, SVB Wealth LLC bought a new stake in shares of Goosehead Insurance during the 1st quarter valued at about $62,000.

Insider Buying and Selling

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the sale, the insider directly owned 132,349 shares of the company's stock, valued at approximately $11,515,686.49. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 244,770 shares of company stock valued at $21,568,721. Company insiders own 37.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. 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 report on Friday, July 25th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Finally, 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 report on Monday, July 28th. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $109.36.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded down $0.19 during trading on Wednesday, reaching $82.75. The company had a trading volume of 70,076 shares, compared to its average volume of 297,444. The firm's fifty day moving average is $92.92 and its 200 day moving average is $103.97. The firm has a market capitalization of $3.11 billion, a PE ratio of 73.20, a price-to-earnings-growth ratio of 7.25 and a beta of 1.34. Goosehead Insurance has a twelve month low of $79.69 and a twelve month high of $130.39. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued 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). The company had revenue of $94.03 million during the quarter, compared to analyst estimates 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 was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

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.