SelectQuote (NYSE:SLQT) Shares Gap Up – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.76, but opened at $3.00. SelectQuote shares last traded at $3.26, with a volume of 895,449 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Trading Down 6.9 %

The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market capitalization of $535.10 million, a P/E ratio of -11.14 and a beta of 1.22. The firm has a 50-day moving average of $2.49 and a 200-day moving average of $2.89.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The business had revenue of $292.26 million for the quarter, compared to analysts’ expectations of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, equities research analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Trading of SelectQuote

Several large investors have recently bought and sold shares of SLQT. TFB Advisors LLC purchased a new position in SelectQuote during the second quarter valued at $29,000. Mason Investment Advisory Services Inc. lifted its stake in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after acquiring an additional 5,000 shares during the period. Intech Investment Management LLC bought a new position in SelectQuote during the third quarter valued at approximately $123,000. Algert Global LLC boosted its stake in shares of SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after buying an additional 30,019 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in SelectQuote in the third quarter valued at about $150,000. 34.59% of the stock is owned by institutional investors.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.