SelectQuote (NYSE:SLQT) Stock Price Up 6% – Should You Buy?

SelectQuote, Inc. (NYSE:SLQT)’s stock price traded up 6% during trading on Thursday . The stock traded as high as $4.11 and last traded at $4.09. 309,010 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,197,059 shares. The stock had previously closed at $3.86.

Analyst Upgrades and Downgrades

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

SelectQuote Price Performance

The firm has a market capitalization of $714.34 million, a P/E ratio of -14.88 and a beta of 1.14. The stock’s fifty day simple moving average is $3.11 and its 200 day simple moving average is $3.00. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66.

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

Institutional Trading of SelectQuote

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mason Investment Advisory Services Inc. increased its position 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 buying an additional 5,000 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of SelectQuote during the third quarter valued at about $123,000. Algert Global LLC raised its position in shares of SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after purchasing an additional 30,019 shares during the last quarter. Virtu Financial LLC acquired a new stake in SelectQuote in the 3rd quarter worth approximately $150,000. Finally, Quantbot Technologies LP purchased a new stake in SelectQuote during the 3rd quarter worth approximately $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.