Vanguard Group Inc. Sells 36,876 Shares of Goosehead Insurance $GSHD

Vanguard Group Inc. reduced its stake in Goosehead Insurance (NASDAQ:GSHD) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,588,742 shares of the company’s stock after selling 36,876 shares during the quarter. Vanguard Group Inc. owned 7.03% of Goosehead Insurance worth $192,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GSHD. Bank of Montreal Can boosted its position in shares of Goosehead Insurance by 2.2% during the second quarter. Bank of Montreal Can now owns 5,299 shares of the company’s stock worth $559,000 after buying an additional 116 shares during the period. Bryce Point Capital LLC lifted its stake in Goosehead Insurance by 2.2% in the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company’s stock valued at $734,000 after acquiring an additional 148 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Goosehead Insurance by 7.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company’s stock worth $257,000 after acquiring an additional 159 shares during the last quarter. Amalgamated Bank grew its stake in shares of Goosehead Insurance by 2.5% during the 2nd quarter. Amalgamated Bank now owns 7,051 shares of the company’s stock worth $744,000 after acquiring an additional 170 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Goosehead Insurance by 73.8% during the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock worth $50,000 after acquiring an additional 200 shares in the last quarter.

Insider Buying and Selling

In related news, Director Louis Goldberg acquired 5,575 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the completion of the acquisition, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 37.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. BMO Capital Markets decreased their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Jefferies Financial Group began coverage on Goosehead Insurance in a research report on Monday, December 1st. They issued a “buy” rating and a $93.00 target price on the stock. Zacks Research upgraded Goosehead Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Piper Sandler upgraded Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price target for the company in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average target price of $80.78.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD opened at $54.20 on Monday. Goosehead Insurance has a 52-week low of $42.87 and a 52-week high of $127.99. The company has a market capitalization of $1.98 billion, a P/E ratio of 52.12, a price-to-earnings-growth ratio of 3.83 and a beta of 1.57. The company has a 50-day simple moving average of $64.10 and a 200 day simple moving average of $71.17.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.