Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Patrick Ryan Langston Sells 3,019 Shares

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 shares were sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $451,700. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major 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 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 Stock Performance

Goosehead Insurance stock traded up $0.18 during mid-day trading on Tuesday, hitting $89.48. 186,307 shares of the company’s stock traded hands, 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 firm has a 50 day simple moving average of $85.48 and a two-hundred day simple moving average of $69.72. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $94.60. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 144.32, a P/E/G ratio of 4.60 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last announced its 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 business 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%. Goosehead Insurance’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, research analysts expect that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GSHD. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Truist Financial raised 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. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus price target of $80.40.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. Vanguard Group Inc. grew its holdings 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 buying an additional 46,861 shares in the last quarter. Sei Investments Co. grew its stake in shares of Goosehead Insurance by 16.4% in the first quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock valued at $8,259,000 after acquiring an additional 17,443 shares in the last quarter. Capital International Investors increased its position in Goosehead Insurance by 19.7% during the fourth quarter. Capital International Investors now owns 263,952 shares of the company’s stock worth $20,008,000 after acquiring an additional 43,520 shares during the period. Daiwa Securities Group Inc. increased its position in Goosehead Insurance by 30.4% during the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after acquiring an additional 8,193 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in Goosehead Insurance in the 2nd quarter worth about $408,000.

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.