Goosehead Insurance Inc (GSHD) VP Sells $244,211.99 in Stock

Goosehead Insurance Inc (NASDAQ:GSHD) VP Patrick Ryan Langston sold 7,093 shares of Goosehead Insurance stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $34.43, for a total value of $244,211.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Patrick Ryan Langston also recently made the following trade(s):

  • On Friday, May 3rd, Patrick Ryan Langston sold 37,907 shares of Goosehead Insurance stock. The stock was sold at an average price of $33.84, for a total value of $1,282,772.88.
  • 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 value of $466,500.00.

NASDAQ GSHD traded down $0.45 during trading on Thursday, hitting $36.19. The stock had a trading volume of 150,622 shares, compared to its average volume of 154,284. The company has a market cap of $535.47 million and a P/E ratio of 180.95. Goosehead Insurance Inc has a one year low of $16.00 and a one year high of $41.72.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Goosehead Insurance had a negative net margin of 9.36% and a negative return on equity of 17.75%. The business had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.30 million. The business’s revenue was up 58.6% on a year-over-year basis. As a group, research analysts predict that Goosehead Insurance Inc will post 0.45 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in Goosehead Insurance by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 25,355 shares of the company’s stock worth $707,000 after purchasing an additional 616 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Goosehead Insurance by 487.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after purchasing an additional 1,685 shares during the last quarter. BlackRock Inc. grew its holdings in Goosehead Insurance by 0.4% in the fourth quarter. BlackRock Inc. now owns 529,833 shares of the company’s stock worth $13,929,000 after purchasing an additional 2,089 shares during the last quarter. Advisor Group Inc. purchased a new position in Goosehead Insurance in the first quarter worth $61,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Goosehead Insurance by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after purchasing an additional 2,514 shares during the last quarter. 79.37% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research report on Tuesday, May 7th. ValuEngine upgraded Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Bank of America reiterated a “buy” rating and issued a $37.00 price target (up previously from $35.00) on shares of Goosehead Insurance in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods set a $32.00 price target on Goosehead Insurance and gave the stock a “hold” rating in a research report on Tuesday, March 19th.

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Goosehead Insurance Company Profile

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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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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