Panagora Asset Management Inc. Purchases New Position in Goosehead Insurance $GSHD

Panagora Asset Management Inc. acquired a new stake in Goosehead Insurance (NASDAQ:GSHD) in the second quarter, according to its most recent filing with the SEC. The fund acquired 18,458 shares of the company’s stock, valued at approximately $1,948,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC boosted its holdings in shares of Goosehead Insurance by 9.9% in the second quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company’s stock worth $114,000 after acquiring an additional 98 shares during the period. Bank of Montreal Can lifted its holdings in Goosehead Insurance by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 5,299 shares of the company’s stock worth $559,000 after purchasing an additional 116 shares in the last quarter. Bryce Point Capital LLC boosted its stake in Goosehead Insurance by 2.2% in the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company’s stock worth $734,000 after purchasing an additional 148 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Goosehead Insurance by 7.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company’s stock valued at $257,000 after buying an additional 159 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Goosehead Insurance by 2.5% during the second quarter. Amalgamated Bank now owns 7,051 shares of the company’s stock valued at $744,000 after buying an additional 170 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GSHD shares. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. Piper Sandler reduced their price target on shares of Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. BMO Capital Markets lowered their price objective on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods reduced their target price on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus price target of $92.20.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $75.30 on Friday. The company’s fifty day moving average price is $70.20 and its 200-day moving average price is $86.14. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 66.64, a PEG ratio of 12.39 and a beta of 1.52. Goosehead Insurance has a one year low of $64.40 and a one year high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million for the quarter, compared to the consensus estimate of $94.25 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, General Counsel John Terry O’connor bought 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of $71.81 per share, for a total transaction of $150,801.00. Following the transaction, the general counsel directly owned 3,100 shares of the company’s stock, valued at $222,611. This represents a 210.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones bought 873 shares of the business’s stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of $74.44 per share, with a total value of $64,986.12. Following the purchase, the chief financial officer owned 4,364 shares of the company’s stock, valued at $324,856.16. This represents a 25.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,973 shares of company stock valued at $577,487 over the last quarter. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Profile

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.