Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $434,511.64 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 4,814 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total transaction of $434,511.64. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $451,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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

Shares of NASDAQ GSHD opened at $88.95 on Friday. The stock’s 50-day moving average is $84.58 and its 200 day moving average is $69.55. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 143.47, a P/E/G ratio of 4.60 and a beta of 1.35. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $78.10 million for 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 business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Goosehead Insurance during the first quarter valued at about $35,000. Cullen Frost Bankers Inc. boosted its holdings in Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Quarry LP grew its position in Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after acquiring an additional 787 shares during the last quarter. RiverPark Advisors LLC bought a new position in Goosehead Insurance during the 1st quarter worth approximately $104,000. Finally, PNC Financial Services Group Inc. increased its stake in Goosehead Insurance by 13.4% in 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 during the period.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their target price for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. BMO Capital Markets cut Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Truist Financial lifted their price target on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, UBS Group upped their price objective on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $80.40.

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.