Goosehead Insurance Inc (NASDAQ:GSHD) VP Patrick Ryan Langston sold 37,907 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.84, for a total transaction of $1,282,772.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Patrick Ryan Langston also recently made the following trade(s):
- On Monday, May 6th, Patrick Ryan Langston sold 7,093 shares of Goosehead Insurance stock. The stock was sold at an average price of $34.43, for a total transaction of $244,211.99.
- On Thursday, February 14th, Patrick Ryan Langston sold 15,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $31.10, for a total transaction of $466,500.00.
NASDAQ GSHD opened at $32.63 on Thursday. The firm has a market capitalization of $486.23 million and a P/E ratio of 163.15. Goosehead Insurance Inc has a twelve month low of $13.22 and a twelve month high of $38.18.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The business had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.30 million. Goosehead Insurance had a negative return on equity of 23.68% and a negative net margin of 8.54%. Goosehead Insurance’s revenue was up 58.6% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance Inc will post 0.43 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of GSHD. BNP Paribas Arbitrage SA grew its holdings in Goosehead Insurance by 487.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after acquiring an additional 1,685 shares during the period. Nisa Investment Advisors LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth about $84,000. Metropolitan Life Insurance Co. NY grew its holdings in Goosehead Insurance by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after acquiring an additional 2,514 shares during the period. SG Americas Securities LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth about $102,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Goosehead Insurance during the 1st quarter worth about $184,000. Hedge funds and other institutional investors own 77.25% of the company’s stock.
Several research analysts have recently issued reports on GSHD shares. Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Keefe, Bruyette & Woods set a $32.00 price objective on Goosehead Insurance and gave the company a “hold” rating in a report on Tuesday, March 19th. Bank of America restated a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Goosehead Insurance in a report on Friday, May 3rd. Finally, ValuEngine upgraded Goosehead Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Goosehead Insurance currently has a consensus rating of “Buy” and an average price target of $31.50.
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About Goosehead Insurance
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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