Select Equity Group L.P. Acquires Shares of 9,796 Goosehead Insurance $GSHD

Select Equity Group L.P. bought a new position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,796 shares of the company's stock, valued at approximately $1,157,000.

Several other institutional investors have also modified their holdings of GSHD. Whitebark Investors LP bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $55,326,000. Driehaus Capital Management LLC bought a new position in shares of Goosehead Insurance during the 1st quarter valued at about $22,003,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after purchasing an additional 78,434 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Goosehead Insurance by 11,900.8% during the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 shares in the last quarter.

Insiders Place Their Bets

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Stock Down 0.4%

Shares of NASDAQ:GSHD traded down $0.30 during trading on Friday, hitting $80.67. 360,956 shares of the company were exchanged, compared to its average volume of 248,320. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 71.39, a P/E/G ratio of 6.93 and a beta of 1.34. Goosehead Insurance has a fifty-two week low of $79.32 and a fifty-two week high of $130.39. The firm has a fifty day moving average price of $89.62 and a two-hundred day moving average price of $102.17. The company has a current ratio of 2.92, a quick 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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $94.18 million. During the same period last year, the firm earned $0.43 EPS. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GSHD. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Zacks Research upgraded Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. BMO Capital Markets cut their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Finally, Piper Sandler dropped their target price on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. One investment 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 given a Sell rating to the company. According to MarketBeat.com, Goosehead Insurance presently has a consensus rating of "Hold" and a consensus target price of $109.36.

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.