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

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder Lindy Langston sold 2,853 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total transaction of $314,286.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases 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 transaction of $1,216,828.40.
• On Tuesday, May 20th, Lindy Langston sold 1,105 shares of Goosehead Insurance stock. The stock was sold at an average price of $110.05, for a total transaction of $121,605.25.

Goosehead Insurance Stock Up 0.1%

Shares of NASDAQ GSHD traded up $0.15 during midday trading on Friday, hitting $108.63. The company's stock had a trading volume of 231,191 shares, compared to its average volume of 273,143. The business's fifty day simple moving average is $107.53 and its two-hundred day simple moving average is $111.41. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 150.88, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GSHD shares. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Piper Sandler cut their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.40.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in Goosehead Insurance in the first quarter valued at approximately $956,000. Intech Investment Management LLC raised its holdings in Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock valued at $1,320,000 after acquiring an additional 2,461 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company's stock valued at $6,894,000 after acquiring an additional 3,218 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after acquiring an additional 164,693 shares in the last quarter. Finally, Select Equity Group L.P. acquired a new stake in Goosehead Insurance in the first quarter valued at approximately $1,157,000.

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.