SelectQuote (NYSE:SLQT) Hits New 12-Month High – Time to Buy?

SelectQuote, Inc. (NYSE:SLQT) hit a new 52-week high during trading on Monday . The stock traded as high as $4.55 and last traded at $4.40, with a volume of 828284 shares traded. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

SLQT has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum started coverage on shares of SelectQuote in a research note on Monday, September 30th. They issued a “buy” rating and a $4.50 price target for the company.

SelectQuote Stock Performance

The company has a market capitalization of $720.32 million, a P/E ratio of -15.00 and a beta of 1.14. 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 company’s 50 day moving average is $2.84 and its 200-day moving average is $2.94.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate 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 business posted ($0.19) earnings per share. Equities analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mason Investment Advisory Services Inc. raised its position in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares during the last quarter. Intech Investment Management LLC bought a new stake in SelectQuote in the third quarter worth $123,000. Algert Global LLC increased its position 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. Virtu Financial LLC bought a new stake in SelectQuote in the third quarter worth $150,000. Finally, Quantbot Technologies LP bought a new stake in SelectQuote in the third quarter worth $153,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.