Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $314,286.48 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder Lindy Langston sold 2,853 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total transaction of $314,286.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock 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 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 Price Performance

NASDAQ GSHD traded up $0.70 during trading hours on Tuesday, reaching $112.25. The company's stock had a trading volume of 45,154 shares, compared to its average volume of 280,942. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 155.90, a P/E/G ratio of 5.17 and a beta of 1.45. The company's 50-day moving average is $107.38 and its two-hundred day moving average is $111.30. 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.

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 analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business's revenue 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.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp lifted its position in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after acquiring an additional 25,595 shares in the last quarter. Deutsche Bank AG raised its stake in Goosehead Insurance by 48.1% in the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after purchasing an additional 6,813 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Goosehead Insurance in the 4th quarter valued at $536,000. Point72 Asset Management L.P. acquired a new stake in Goosehead Insurance during the 4th quarter worth $665,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after buying an additional 4,333 shares in the last quarter.

Analyst Upgrades and Downgrades

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

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.