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

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

Goosehead Insurance Trading Up 2.8%

Goosehead Insurance stock opened at $70.72 on Thursday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 2.48 and a beta of 1.41. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $93.90. The stock’s 50 day moving average is $46.04 and its 200-day moving average is $48.80.

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

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position 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 purchasing an additional 426 shares during the period. Kestra Advisory Services LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc grew its stake in Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after buying an additional 637 shares in the last quarter.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research reports. Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Royal Bank Of Canada upped their price target 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. UBS Group raised their price target on shares of Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. 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 report on Tuesday, April 14th. Finally, 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 report on Monday, April 13th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.45.

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.