Wasatch Advisors LP Purchases 138,571 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Wasatch Advisors LP raised its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,618,945 shares of the company’s stock after acquiring an additional 138,571 shares during the quarter. Wasatch Advisors LP owned about 0.07% of Goosehead Insurance worth $233,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Goosehead Insurance by 34.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after acquiring an additional 879,959 shares during the period. American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after acquiring an additional 110,832 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Goosehead Insurance by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after acquiring an additional 51,023 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after acquiring an additional 46,861 shares during the period. Finally, Sei Investments Co. raised its position in shares of Goosehead Insurance by 32.4% in the second quarter. Sei Investments Co. now owns 164,074 shares of the company’s stock worth $9,424,000 after buying an additional 40,107 shares in the last quarter.

Insider Buying and Selling at Goosehead Insurance

In other news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $90.34, for a total transaction of $272,736.46. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $451,700. The trade was a 37.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,255 shares of company stock valued at $12,686,800. 48.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GSHD. JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. TD Cowen increased their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Truist Financial increased their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, JMP Securities increased their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.90.

Goosehead Insurance Stock Down 0.3 %

Shares of NASDAQ:GSHD opened at $126.12 on Friday. The stock’s 50-day moving average price is $104.37 and its 200-day moving average price is $82.82. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The stock has a market capitalization of $4.68 billion, a P/E ratio of 175.17, a price-to-earnings-growth ratio of 4.88 and a beta of 1.32. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

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.