William Blair Investment Management LLC Increases Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

William Blair Investment Management LLC lifted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 9.3% during the second quarter, HoldingsChannel.com reports. The fund owned 807,870 shares of the company’s stock after purchasing an additional 68,716 shares during the quarter. William Blair Investment Management LLC’s holdings in Goosehead Insurance were worth $50,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Capital World Investors lifted its holdings in shares of Goosehead Insurance by 335.5% during the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of Goosehead Insurance by 30.7% during the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares during the period. Ashford Capital Management Inc. lifted its holdings in shares of Goosehead Insurance by 172.5% during the fourth quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock worth $16,285,000 after purchasing an additional 300,185 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Goosehead Insurance by 229.1% during the first quarter. Balyasny Asset Management L.P. now owns 383,950 shares of the company’s stock worth $20,042,000 after purchasing an additional 267,287 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Goosehead Insurance by 95.9% during the fourth quarter. Point72 Asset Management L.P. now owns 528,054 shares of the company’s stock worth $18,133,000 after purchasing an additional 258,554 shares during the period.

Analyst Ratings Changes

Several brokerages recently weighed in on GSHD. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. UBS Group initiated coverage on Goosehead Insurance in a report on Tuesday, October 17th. They issued a “buy” rating and a $84.00 target price for the company. Royal Bank of Canada raised their target price on Goosehead Insurance from $72.00 to $80.00 in a report on Thursday, July 27th. Piper Sandler raised their target price on Goosehead Insurance from $76.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets raised Goosehead Insurance from a “market perform” rating to an “outperform” rating and raised their target price for the company from $86.00 to $90.00 in a report on Wednesday, September 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $68.83, for a total value of $3,441,500.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,109,581.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $68.83, for a total value of $3,441,500.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,109,581.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lanni Romney sold 7,500 shares of Goosehead Insurance stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $76.34, for a total value of $572,550.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,682 shares of company stock worth $9,641,223. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Trading Down 0.2 %

NASDAQ:GSHD opened at $73.00 on Tuesday. The company has a market capitalization of $2.76 billion, a PE ratio of 162.58, a price-to-earnings-growth ratio of 4.10 and a beta of 1.22. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 12.15. Goosehead Insurance, Inc has a 52-week low of $31.21 and a 52-week high of $79.40. The stock has a fifty day simple moving average of $71.75 and a 200-day simple moving average of $65.72.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.15. The business had revenue of $71.03 million during the quarter, compared to the consensus estimate of $69.49 million. Goosehead Insurance had a negative return on equity of 79.96% and a net margin of 4.31%. On average, equities research analysts expect that Goosehead Insurance, Inc will post 0.52 earnings per share for the current fiscal year.

Goosehead Insurance Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It 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.