SelectQuote (NYSE:SLQT) Trading 11.4% Higher – What’s Next?

SelectQuote, Inc. (NYSE:SLQT) shot up 11.4% during mid-day trading on Monday . The company traded as high as $0.6795 and last traded at $0.6640. 1,607,800 shares traded hands during trading, an increase of 6% from the average session volume of 1,518,840 shares. The stock had previously closed at $0.5961.

Wall Street Analysts Forecast Growth

SLQT has been the subject of a number of research analyst reports. Zacks Research upgraded shares of SelectQuote from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Craig Hallum set a $3.00 price objective on shares of SelectQuote in a research report on Friday, February 6th. Weiss Ratings cut shares of SelectQuote from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada cut their target price on shares of SelectQuote from $5.00 to $3.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of SelectQuote from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SelectQuote presently has a consensus rating of “Hold” and an average price target of $2.92.

SelectQuote Price Performance

The firm has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $1.49. The firm has a market capitalization of $117.06 million, a PE ratio of 66.47 and a beta of 1.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 5.65 and a quick ratio of 5.65.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.17 by $0.09. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. The firm had revenue of $537.10 million during the quarter, compared to analyst estimates of $530.73 million. As a group, equities analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of SelectQuote by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,369,383 shares of the company’s stock worth $4,752,000 after acquiring an additional 39,631 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of SelectQuote by 36.3% in the 4th quarter. Captrust Financial Advisors now owns 2,081,209 shares of the company’s stock worth $2,935,000 after purchasing an additional 554,624 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of SelectQuote by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company’s stock worth $4,596,000 after purchasing an additional 803,594 shares in the last quarter. American Century Companies Inc. raised its holdings in SelectQuote by 75.4% in the 2nd quarter. American Century Companies Inc. now owns 1,773,882 shares of the company’s stock worth $4,222,000 after purchasing an additional 762,425 shares during the period. Finally, Millennium Management LLC raised its holdings in SelectQuote by 530.1% in the 4th quarter. Millennium Management LLC now owns 1,637,460 shares of the company’s stock worth $2,309,000 after purchasing an additional 1,377,577 shares during the period. 34.59% of the stock is currently owned by institutional investors.

About SelectQuote

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.