Strs Ohio Invests $956,000 in Goosehead Insurance $GSHD

Key Points

• Strs Ohio has acquired 8,100 shares of Goosehead Insurance valued at approximately $956,000, signaling institutional interest in the stock during the first quarter.
• Insiders have recently sold 244,770 shares of Goosehead Insurance, representing a significant transaction totaling around $21.57 million in the past three months.
• Despite a 20.4% year-over-year revenue growth, Goosehead Insurance reported earnings per share of $0.49, which fell short of analyst expectations, leading to a mixed outlook among research firms.

Strs Ohio acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,100 shares of the company's stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GSHD. TCTC Holdings LLC boosted its stake in 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 buying an additional 178 shares in the last quarter. KBC Group NV lifted its holdings in shares of Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after acquiring an additional 189 shares during the period. Bessemer Group Inc. lifted its holdings 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 acquiring an additional 191 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Goosehead Insurance by 3.9% during the first quarter. HighTower Advisors LLC now owns 5,504 shares of the company's stock valued at $650,000 after acquiring an additional 205 shares during the period. Finally, Entropy Technologies LP lifted its holdings in shares of Goosehead Insurance by 13.0% during the first quarter. Entropy Technologies LP now owns 2,606 shares of the company's stock valued at $308,000 after acquiring an additional 300 shares during the period.

Goosehead Insurance Trading Down 3.0%

Shares of Goosehead Insurance stock traded down $2.39 during trading on Friday, hitting $77.97. 502,921 shares of the company were exchanged, compared to its average volume of 254,574. The firm has a market capitalization of $2.93 billion, a P/E ratio of 69.00, a price-to-earnings-growth ratio of 6.88 and a beta of 1.34. Goosehead Insurance has a 1-year low of $77.74 and a 1-year high of $130.39. The firm's fifty day moving average price is $87.68 and its 200 day moving average price is $100.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its 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 company had revenue of $94.03 million for 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%.Goosehead Insurance's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was 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 in the company, valued at approximately $11,677,152.27. The trade was a 31.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the transaction, the chief financial officer directly owned 3,491 shares in the company, valued at $300,505.28. This trade represents a 49.06% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GSHD. BMO Capital Markets cut their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, July 25th. UBS Group cut 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. Piper Sandler cut their price target on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $109.36.

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.