Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $653,748.06 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $425,950. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Goosehead Insurance Trading Up 0.4 %

NASDAQ GSHD opened at $85.78 on Monday. The firm’s fifty day moving average is $68.27 and its two-hundred day moving average is $68.37. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $92.76. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market cap of $3.26 billion, a PE ratio of 138.35, a P/E/G ratio of 4.61 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Analysts expect that Goosehead Insurance, Inc will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position 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 valued at $106,000 after buying an additional 165 shares during the last quarter. Janney Capital Management LLC increased its stake in shares of Goosehead Insurance by 3.2% during the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after acquiring an additional 181 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares during the period. Verdence Capital Advisors LLC raised its holdings in Goosehead Insurance by 4.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after purchasing an additional 242 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock valued at $107,000 after purchasing an additional 277 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. BMO Capital Markets lowered their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Piper Sandler boosted 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. Finally, Truist Financial raised their price objective on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $78.60.

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.