Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Purchases $99,568.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Patrick Ryan Langston acquired 2,800 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $35.56 per share, with a total value of $99,568.00. Following the acquisition, the insider owned 7,800 shares in the company, valued at approximately $277,368. This trade represents a 56.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Goosehead Insurance Stock Down 4.8%

Shares of GSHD stock opened at $34.37 on Thursday. The stock has a market cap of $1.22 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.52. The business has a 50-day simple moving average of $41.83 and a 200-day simple moving average of $55.92. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. Sell-side analysts anticipate that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Goosehead Insurance by 28.2% in the 1st quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after purchasing an additional 72,527 shares during the period. Janus Henderson Group PLC raised its holdings in Goosehead Insurance by 3,485.1% in the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after purchasing an additional 376,114 shares during the period. California State Teachers Retirement System raised its holdings in Goosehead Insurance by 45.6% in the 1st quarter. California State Teachers Retirement System now owns 35,351 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,072 shares during the period. Royal Bank of Canada increased its stake in Goosehead Insurance by 8.9% during the 1st quarter. Royal Bank of Canada now owns 73,306 shares of the company’s stock worth $3,127,000 after buying an additional 5,965 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Goosehead Insurance by 52.7% during the 1st quarter. Quantinno Capital Management LP now owns 31,878 shares of the company’s stock worth $1,360,000 after buying an additional 11,003 shares in the last quarter.

Wall Street Analyst Weigh In

GSHD has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Citizens Jmp decreased their price objective on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Weiss Ratings cut Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $66.73.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.