Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Lindy Langston Sells 2,853 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Lindy Langston sold 2,853 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Lindy Langston also recently made the following trade(s):

• On Tuesday, May 27th, Lindy Langston sold 11,042 shares of Goosehead Insurance stock. The stock was sold at an average price of $110.20, for a total value of $1,216,828.40.
• On Tuesday, May 20th, Lindy Langston sold 1,105 shares of Goosehead Insurance stock. The shares were sold at an average price of $110.05, for a total value of $121,605.25.

Goosehead Insurance Trading Down 0.1%

GSHD opened at $108.48 on Friday. The stock’s fifty day moving average is $107.78 and its two-hundred day moving average is $111.54. The company has a market capitalization of $4.07 billion, a P/E ratio of 150.67, a PEG ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. Analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GSHD shares. BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods increased their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Bank of America boosted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $115.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after purchasing an additional 19,980 shares in the last quarter. American Century Companies Inc. boosted its position in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after acquiring an additional 220,267 shares in the last quarter. Whitebark Investors LP purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at $55,326,000. Goldman Sachs Group Inc. raised its position in shares of Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after acquiring an additional 164,693 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Goosehead Insurance by 10.4% in the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock worth $28,570,000 after acquiring an additional 25,173 shares in the last quarter.

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.