Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $272,736.46 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $451,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, September 30th, Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock. The shares were sold at an average price of $90.09, for a total value of $195,225.03.
• On Wednesday, September 25th, Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock. The stock was 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 Price Performance

Shares of GSHD 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 debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The company has a market capitalization of $3.40 billion, a P/E ratio of 144.32, a P/E/G ratio of 4.60 and a beta of 1.35. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $94.60. The company’s 50-day moving average is $85.48 and its 200-day moving average is $69.72.

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, equities analysts anticipate that Goosehead Insurance, Inc will post 0.76 EPS for the current year.

Analysts Set New Price Targets

GSHD has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a report on Thursday, July 25th. Piper Sandler lifted their target price on Goosehead Insurance from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Truist Financial boosted their price target on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. One 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.40.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Goosehead Insurance during the first quarter worth $35,000. Cullen Frost Bankers Inc. grew its position in shares of 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. Quarry LP grew its position in shares of Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the period. PNC Financial Services Group Inc. increased its stake in Goosehead Insurance by 13.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in Goosehead Insurance in the first quarter valued at approximately $104,000.

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.