Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Patrick Ryan Langston Sells 2,167 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $450,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Patrick Ryan Langston also recently made the following trade(s):

• On Friday, September 27th, Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46.
• On Wednesday, September 25th, Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock. The shares were sold at an average price of $90.26, for a total value of $434,511.64.
• On Thursday, August 15th, Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded up $0.18 during mid-day trading on Tuesday, reaching $89.48. The company had a trading volume of 186,307 shares, compared to its average volume of 294,958. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The company has a 50 day moving average of $85.48 and a 200-day moving average of $69.72. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $94.60. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 144.32, a PEG ratio of 4.60 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. On average, sell-side analysts expect that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GSHD. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research note on Thursday, August 22nd. UBS Group raised their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial raised their price objective on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Piper Sandler increased their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $80.40.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares during the period. Harbor Investment Advisory LLC raised its stake in Goosehead Insurance by 20.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Goosehead Insurance by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock worth $1,426,000 after acquiring an additional 279 shares during the period. Finally, ProShare Advisors LLC grew its stake in Goosehead Insurance by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock worth $294,000 after buying an additional 299 shares in the last quarter.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company 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.