Magnetar Financial LLC Purchases Shares of 9,583 Goosehead Insurance $GSHD

Key Points

• Magnetar Financial LLC invested approximately $1.13 million in Goosehead Insurance, acquiring 9,583 shares during the first quarter.
• Goosehead Insurance reported earnings per share (EPS) of $0.49 for the last quarter, falling short of analyst estimates by $0.04, and experienced a 20.4% year-over-year revenue growth.
• Despite a recent downgrade of target prices from multiple brokerages, shares of Goosehead Insurance hold an average rating of "Hold" with a target price around $110.91.

Magnetar Financial LLC bought a new stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,583 shares of the company's stock, valued at approximately $1,131,000.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $491,000. Tower Research Capital LLC TRC raised its position in Goosehead Insurance by 91.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the company's stock valued at $239,000 after purchasing an additional 1,063 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Goosehead Insurance by 27.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,355 shares of the company's stock worth $1,004,000 after purchasing an additional 2,025 shares during the period. Northern Trust Corp grew its position in Goosehead Insurance by 10.4% during the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after purchasing an additional 25,173 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Goosehead Insurance in the fourth quarter valued at $690,000.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the transaction, the insider owned 132,349 shares of the company's stock, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GSHD shares. BMO Capital Markets reduced 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 report on Friday, July 25th. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. UBS Group decreased their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Piper Sandler cut their price objective on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $109.36.

Goosehead Insurance Price Performance

NASDAQ GSHD traded up $0.97 during mid-day trading on Thursday, hitting $83.86. The stock had a trading volume of 77,852 shares, compared to its average volume of 296,560. The company has a 50 day simple moving average of $92.65 and a 200 day simple moving average of $103.82. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 73.95, a P/E/G ratio of 7.25 and a beta of 1.34. Goosehead Insurance has a 52-week low of $79.69 and a 52-week high of $130.39. 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 earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm'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. Equities analysts forecast that Goosehead Insurance will post 0.83 EPS 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.