Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $195,225.03 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction that occurred 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 transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Friday, September 27th, Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock. The stock was 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 stock was sold at an average price of $90.26, for a total transaction 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 Trading Up 0.2 %

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

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GSHD. Piper Sandler upped their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a research note on Thursday, August 22nd. Truist Financial raised their target price on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 25th. Finally, TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price target for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.40.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC increased its position in Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after acquiring an additional 879,959 shares during the last quarter. Vanguard Group Inc. grew its position in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Wasatch Advisors LP raised its position in Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after acquiring an additional 428,355 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares in the last quarter.

Goosehead Insurance Company Profile

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.