Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Durable Capital Partners Lp Purchases 113,646 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp acquired 113,646 shares of the company’s stock in a transaction on Friday, July 24th. The stock was bought at an average price of $58.34 per share, for a total transaction of $6,630,107.64. Following the purchase, the insider owned 2,493,927 shares in the company, valued at approximately $145,495,701.18. This trade represents a 4.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

• On Monday, July 27th, Durable Capital Partners Lp bought 40,077 shares of Goosehead Insurance stock. The shares were bought at an average cost of $61.72 per share, with a total value of $2,473,552.44.

Goosehead Insurance Stock Up 11.0%

Shares of NASDAQ:GSHD traded up $6.82 during trading on Tuesday, reaching $68.82. 977,500 shares of the company traded hands, compared to its average volume of 508,819. The firm has a fifty day simple moving average of $44.91 and a 200 day simple moving average of $48.86. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $93.90. The firm has a market cap of $2.45 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.10 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business had revenue of $95.63 million for the quarter, compared to the consensus estimate of $103.30 million. During the same period in the prior year, the business posted $0.49 earnings per share. Goosehead Insurance’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, research analysts anticipate that Goosehead Insurance will post 1.45 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Citizens Jmp reduced their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. UBS Group increased their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Finally, Bank of America cut their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average price target of $68.45.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $3,669,000. M&T Bank Corp boosted its holdings in shares of Goosehead Insurance by 1,075.4% during the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock worth $8,531,000 after buying an additional 105,979 shares during the period. Langdon Equity Partners acquired a new position in Goosehead Insurance in the 4th quarter valued at $41,892,000. Northwestern Mutual Wealth Management Co. grew its stake in Goosehead Insurance by 43,893.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after buying an additional 64,963 shares during the last quarter. Finally, UBS Group AG raised its holdings in Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after acquiring an additional 32,920 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.