Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Patrick Ryan Langston Purchases 2,800 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Patrick Ryan Langston acquired 2,800 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $35.56 per share, with a total value of $99,568.00. Following the purchase, the insider owned 7,800 shares of the company’s stock, valued at $277,368. The trade was a 56.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $36.65 on Tuesday. The company has a market cap of $1.30 billion, a P/E ratio of 32.15, a PEG ratio of 1.19 and a beta of 1.62. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $113.00. The firm has a 50-day simple moving average of $42.16 and a two-hundred day simple moving average of $56.41.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. As a group, equities research analysts expect that Goosehead Insurance will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the company. Meixler Investment Management Ltd. grew its holdings in Goosehead Insurance by 5.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock worth $321,000 after purchasing an additional 220 shares during the last quarter. Gibbs Wealth Management grew its holdings in Goosehead Insurance by 3.8% in the fourth quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Goosehead Insurance by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GSHD shares. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Piper Sandler reduced their target price on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Cantor Fitzgerald reduced their target price on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Citizens Jmp reduced their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.73.

About Goosehead Insurance

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.