Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells 2,167 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $450,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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 stock was sold at an average price of $90.34, for a total value 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 shares were sold at an average price of $85.19, for a total transaction of $653,748.06.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $89.41 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $85.48 and a 200 day moving average price of $69.72. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $94.60. The stock has a market cap of $3.40 billion, a P/E ratio of 144.21, 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, 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 business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently modified their holdings of GSHD. Benjamin F. Edwards & Company Inc. purchased a new stake in Goosehead Insurance in the 1st quarter valued at about $35,000. Cullen Frost Bankers Inc. increased its position 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 valued at $36,000 after acquiring an additional 210 shares during the last quarter. Quarry LP raised its stake 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 acquiring an additional 787 shares during the period. RiverPark Advisors LLC acquired a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $104,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial lifted 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 25th. Bank of America increased their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, June 11th. UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lowered 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 report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price 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.