Voya Investment Management LLC Boosts Stock Position in Goosehead Insurance $GSHD

Key Points

• Voya Investment Management LLC increased its stake in Goosehead Insurance by 39.6%, owning 20,623 shares valued at approximately $2.44 million as of the latest reporting period.
• Brokerages have shown mixed sentiment on Goosehead Insurance, with target price adjustments: Piper Sandler lowered it to $92.00 while Cantor Fitzgerald upgraded it to a "strong-buy" rating.
• Goosehead Insurance reported a Q2 earnings miss with earnings per share of $0.49, falling short of analysts' estimate of $0.53, alongside a 20.4% revenue growth year-over-year.

Voya Investment Management LLC increased its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,623 shares of the company's stock after purchasing an additional 5,853 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Goosehead Insurance worth $2,435,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC purchased a new stake in shares of Goosehead Insurance during the first quarter valued at about $22,003,000. Goldman Sachs Group Inc. lifted its position in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after acquiring an additional 164,693 shares during the last quarter. GAMMA Investing LLC boosted its stake in Goosehead Insurance by 11,900.8% in the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after acquiring an additional 72,119 shares in the last quarter. Nuveen LLC purchased a new position in Goosehead Insurance in the first quarter worth $8,025,000. Finally, Voloridge Investment Management LLC grew its holdings in Goosehead Insurance by 57.0% in the fourth quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company's stock worth $13,774,000 after purchasing an additional 46,665 shares during the last quarter.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded up $1.42 during trading on Monday, reaching $79.39. 384,209 shares of the company traded hands, compared to its average volume of 300,090. The stock has a market cap of $2.98 billion, a P/E ratio of 70.26, a PEG ratio of 6.67 and a beta of 1.34. The firm's fifty day simple moving average is $87.68 and its 200 day simple moving average is $100.57. 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 has a 12-month low of $77.02 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 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%.The firm's revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. 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.

Insider Activity

In other news, CFO Mark E. Jr. Jones acquired 1,149 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This represents a 49.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Insiders sold a total of 244,770 shares of company stock valued at $21,568,721 in the last three months. 48.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GSHD. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods reduced their target price on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. BMO Capital Markets decreased their price objective 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. Finally, UBS Group dropped 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. One 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 assigned a Sell rating to the company. According to MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $109.36.

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.