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

by · The Markets Daily

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder Patrick Ryan Langston acquired 2,800 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $35.56 per share, with a total value of $99,568.00. Following the completion of the acquisition, the insider owned 7,800 shares of the company’s stock, valued at $277,368. This represents a 56.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded up $2.26 during midday trading on Monday, hitting $36.65. 642,790 shares of the stock were exchanged, compared to its average volume of 470,339. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $113.00. The business’s fifty day simple moving average is $42.27 and its two-hundred day simple moving average is $56.64. The company has a market capitalization of $1.31 billion, a PE ratio of 32.15, a P/E/G ratio of 1.19 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its stake in shares of Goosehead Insurance by 32.3% in the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after acquiring an additional 556,293 shares during the period. Durable Capital Partners LP increased its stake in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares during the period. DF Dent & Co. Inc. increased its stake in Goosehead Insurance by 3.2% during the fourth quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after acquiring an additional 32,246 shares during the period. Finally, State Street Corp increased its stake in Goosehead Insurance by 1.4% during the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after acquiring an additional 14,311 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citizens Jmp cut their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings lowered Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Wall Street Zen upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Cantor Fitzgerald cut their target price on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $66.73.

Check Out Our Latest Stock Report on GSHD

About Goosehead Insurance

(Get Free Report)

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.

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