Durable Capital Partners Lp Buys 36,256 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp acquired 36,256 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $61.92 per share, for a total transaction of $2,244,971.52. Following the acquisition, the insider owned 2,570,260 shares of the company’s stock, valued at $159,150,499.20. The trade was a 1.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 acquired at an average cost of $61.72 per share, with a total value of $2,473,552.44.
• On Friday, July 24th, Durable Capital Partners Lp purchased 113,646 shares of Goosehead Insurance stock. The stock was acquired at an average price of $58.34 per share, for a total transaction of $6,630,107.64.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $66.95 on Thursday. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $90.79. The company’s fifty day simple moving average is $48.51 and its 200-day simple moving average is $48.53. The stock has a market capitalization of $2.38 billion, a PE ratio of 48.87, a P/E/G ratio of 2.46 and a beta of 1.38.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GSHD shares. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Piper Sandler increased their target price on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $68.45.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently bought and sold shares of GSHD. AQR Capital Management LLC increased its position in Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after acquiring an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after acquiring an additional 578 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Goosehead Insurance by 86.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Goosehead Insurance by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after purchasing an additional 3,218 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Goosehead Insurance by 28.2% during the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,461 shares during the last quarter.

About Goosehead Insurance

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.