Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Lindy Langston Sells 10,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Free Report) major shareholder Lindy Langston sold 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $70.71, for a total transaction of $707,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Stock Up 1.5 %

Shares of GSHD stock opened at $70.95 on Thursday. Goosehead Insurance, Inc has a 12-month low of $29.23 and a 12-month high of $76.36. The company has a 50 day moving average of $64.48 and a 200-day moving average of $57.94. The firm has a market cap of $1.70 billion, a P/E ratio of 272.90, a PEG ratio of 3.54 and a beta of 1.20.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.14. The company had revenue of $69.28 million during the quarter, compared to analyst estimates of $66.08 million. Goosehead Insurance had a negative return on equity of 28.63% and a net margin of 2.50%. As a group, equities analysts expect that Goosehead Insurance, Inc will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GSHD. Metropolitan Life Insurance Co NY raised its position in shares of Goosehead Insurance by 15.2% in the second quarter. Metropolitan Life Insurance Co NY now owns 1,181 shares of the company’s stock worth $74,000 after buying an additional 156 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Goosehead Insurance by 21.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after acquiring an additional 166 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Goosehead Insurance by 0.7% during the first quarter. California State Teachers Retirement System now owns 24,732 shares of the company’s stock worth $1,291,000 after purchasing an additional 172 shares in the last quarter. Pier 88 Investment Partners LLC increased its position in shares of Goosehead Insurance by 12.9% in the first quarter. Pier 88 Investment Partners LLC now owns 2,535 shares of the company’s stock worth $132,000 after purchasing an additional 290 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Goosehead Insurance by 28.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,781 shares of the company’s stock valued at $112,000 after purchasing an additional 392 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on GSHD. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $52.00 to $58.00 in a report on Thursday, July 6th. BMO Capital Markets increased their price target on Goosehead Insurance from $60.54 to $86.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Piper Sandler raised their price objective on Goosehead Insurance from $64.00 to $76.00 in a research note on Thursday, July 27th. Finally, Royal Bank of Canada upped their target price on shares of Goosehead Insurance from $72.00 to $80.00 in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average price target of $74.57.

View Our Latest Analysis on GSHD

About Goosehead Insurance

(Get Free Report)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It 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.

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