SelectQuote, Inc. (NYSE:SLQT) Given Consensus Rating of “Hold” by Analysts

Shares of SelectQuote, Inc. (NYSE:SLQT) have earned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.8750.

A number of research firms have recently weighed in on SLQT. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada dropped their price objective on SelectQuote from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, November 15th.

Hedge Funds Weigh In On SelectQuote

Several institutional investors and hedge funds have recently bought and sold shares of SLQT. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of SelectQuote in the first quarter valued at $104,000. Vanguard Group Inc. raised its stake in SelectQuote by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 7,880,173 shares of the company’s stock valued at $26,320,000 after acquiring an additional 516,752 shares during the period. Headlands Technologies LLC lifted its holdings in SelectQuote by 86.7% during the first quarter. Headlands Technologies LLC now owns 12,398 shares of the company’s stock valued at $41,000 after purchasing an additional 5,756 shares during the last quarter. Swiss National Bank bought a new position in SelectQuote during the first quarter worth about $888,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SelectQuote by 62.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,251,828 shares of the company’s stock worth $4,181,000 after purchasing an additional 478,997 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Stock Performance

Shares of SelectQuote stock opened at $1.39 on Friday. The business has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $2.03. SelectQuote has a one year low of $1.33 and a one year high of $6.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.42 and a quick ratio of 5.42. The firm has a market capitalization of $243.72 million, a price-to-earnings ratio of 27.70 and a beta of 1.20.

SelectQuote (NYSE:SLQT) last issued its earnings results on Thursday, November 6th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%.The company had revenue of $328.81 million for the quarter, compared to analyst estimates of $323.68 million. On average, research analysts anticipate that SelectQuote will post -0.07 earnings per share for the current fiscal year.

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.