Walleye Capital LLC Has $1.55 Million Holdings in Goosehead Insurance $GSHD

Key Points

• Walleye Capital LLC has significantly reduced its stake in Goosehead Insurance, decreasing its position by 39.2% in the first quarter, now holding 13,120 shares valued at around $1.5 million.
• Several other hedge funds have also adjusted their stakes, with Bessemer Group Inc. increasing its position by 192.9% during the same period, highlighting varied investor sentiment towards Goosehead Insurance.
• Goosehead Insurance's recent earnings report showed EPS of $0.49, missing estimates, as the company continues to experience a revenue growth of 20.4% year-over-year.

Walleye Capital LLC decreased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 39.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,120 shares of the company's stock after selling 8,466 shares during the period. Walleye Capital LLC's holdings in Goosehead Insurance were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSHD. Whitebark Investors LP bought a new position in Goosehead Insurance during the fourth quarter worth about $55,326,000. D. E. Shaw & Co. Inc. raised its stake in shares of Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after acquiring an additional 96,309 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after acquiring an additional 78,434 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 during the last quarter. Finally, Nuveen LLC bought a new position in shares of Goosehead Insurance in the first quarter valued at approximately $8,025,000.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business's 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 transaction, the insider owned 132,349 shares of the company's stock, valued at $11,515,686.49. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were 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 have sold a total of 244,770 shares of company stock valued at $21,568,721 in the last ninety days. Company insiders own 37.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GSHD. Keefe, Bruyette & Woods cut 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 note on Thursday, July 24th. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. BMO Capital Markets cut 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 note on Friday, July 25th. UBS Group cut 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 note on Monday, July 28th. Finally, Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $109.36.

Goosehead Insurance Trading Down 0.2%

GSHD traded down $0.19 during trading on Wednesday, reaching $82.75. 70,076 shares of the company's stock were exchanged, compared to its average volume of 297,444. The company's fifty day moving average price is $92.92 and its 200-day moving average price is $103.97. 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 has a fifty-two week low of $79.69 and a fifty-two week high of $130.39. The firm has a market capitalization of $3.11 billion, a PE ratio of 73.20, a P/E/G ratio of 7.25 and a beta of 1.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. During the same period in the prior year, the firm posted $0.43 EPS. Goosehead Insurance's revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, 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.