Patrick Ryan Langston Sells 2,167 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 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

Shares of NASDAQ GSHD opened at $89.41 on Thursday. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $94.60. The business’s 50 day moving average price is $85.48 and its 200 day moving average price is $69.72. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The firm has a market cap of $3.40 billion, a P/E ratio of 144.21, a P/E/G ratio of 4.60 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $74.31 million. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, sell-side analysts expect 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 institutional investors have recently modified their holdings of GSHD. PNC Financial Services Group Inc. boosted its stake in shares of Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after buying an additional 165 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Goosehead Insurance by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock valued at $1,426,000 after purchasing an additional 279 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Goosehead Insurance by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock valued at $294,000 after purchasing an additional 299 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. 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. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Bank of America increased their price target on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, June 11th. Finally, Truist Financial boosted their price target on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. One equities 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $80.40.

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.