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

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Patrick Ryan Langston sold 3,019 shares of the firm’s 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 transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $451,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $90.09, for a total transaction of $195,225.03.
• On Wednesday, September 25th, Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock. The shares were 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 Stock Performance

GSHD stock opened at $89.13 on Friday. The stock has a market cap of $3.39 billion, a P/E ratio of 143.76, a P/E/G ratio of 4.60 and a beta of 1.35. 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 50 day simple moving average of $85.96 and a 200 day simple moving average of $69.86. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $94.60.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results 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 analysts’ expectations of $74.31 million. During the same period in the previous year, the company posted $0.25 EPS. Goosehead Insurance’s revenue was up 12.7% on a year-over-year basis. Research analysts anticipate that Goosehead Insurance, Inc will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GSHD. Vanguard Group Inc. grew its stake in shares of 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. lifted its stake in 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 during the last quarter. Capital International Investors grew its position in Goosehead Insurance by 19.7% in 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 in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after purchasing an additional 8,193 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Goosehead Insurance during the 2nd quarter valued at $408,000.

Analyst Ratings Changes

GSHD has been the topic of several recent research reports. Bank of America lifted their price target on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Truist Financial upped their target price on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Finally, BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.