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

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder Lindy Langston sold 2,853 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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 shares were 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 shares were sold at an average price of $110.05, for a total value of $121,605.25.

Goosehead Insurance Stock Up 0.1%

NASDAQ:GSHD opened at $108.63 on Friday. The company’s fifty day moving average price is $107.53 and its 200-day moving average price is $111.48. 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 P/E ratio of 150.88, a PEG ratio of 5.17 and a beta of 1.45. 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 (NASDAQ:GSHD) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial reiterated a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group lowered their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $115.40.

Institutional Inflows and Outflows

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

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.