Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Durable Capital Partners Lp Acquires 40,077 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Durable Capital Partners Lp acquired 40,077 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average cost of $61.72 per share, with a total value of $2,473,552.44. Following the transaction, the insider directly owned 2,534,004 shares in the company, valued at $156,398,726.88. The trade was a 1.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large 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 Friday, July 24th, Durable Capital Partners Lp bought 113,646 shares of Goosehead Insurance stock. The shares were acquired at an average price of $58.34 per share, with a total value of $6,630,107.64.

Goosehead Insurance Stock Up 11.0%

GSHD opened at $68.82 on Wednesday. The stock’s 50 day moving average price is $45.46 and its two-hundred day moving average price is $48.82. The firm has a market capitalization of $2.45 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $93.90.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The company had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. As a group, analysts anticipate that Goosehead Insurance will post 1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Bank of America cut their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. increased 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. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.45.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Goosehead Insurance by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after acquiring an additional 637 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $41,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares in 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.