SelectQuote (NYSE:SLQT) Trading 6.9% Higher – What’s Next?

SelectQuote, Inc. (NYSE:SLQT) rose 6.9% on Thursday . The stock traded as high as $3.54 and last traded at $3.54. Approximately 262,423 shares traded hands during trading, a decline of 74% from the average daily volume of 1,007,321 shares. The stock had previously closed at $3.31.

Analyst Upgrades and Downgrades

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

SelectQuote Price Performance

The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The stock has a 50 day moving average of $2.58 and a 200-day moving average of $2.89. The stock has a market capitalization of $608.84 million, a P/E ratio of -12.68 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $292.26 million during 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 period last year, the firm earned ($0.19) earnings per share. On average, equities research analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

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

SelectQuote Company Profile

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.