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

Shares of SelectQuote, Inc. (NYSE:SLQT) have earned a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.8750.

SLQT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a research report on Monday, December 29th. Royal Bank Of Canada lowered their target price on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 20th. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen cut shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Institutional Investors Weigh In On SelectQuote

Hedge funds have recently added to or reduced their stakes in the company. TriaGen Wealth Management LLC increased its position in shares of SelectQuote by 2,873.2% during the 2nd quarter. TriaGen Wealth Management LLC now owns 1,055,500 shares of the company’s stock valued at $2,512,000 after purchasing an additional 1,020,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in SelectQuote by 71.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company’s stock worth $4,596,000 after buying an additional 803,594 shares in the last quarter. American Century Companies Inc. boosted its stake in SelectQuote by 75.4% in the second quarter. American Century Companies Inc. now owns 1,773,882 shares of the company’s stock worth $4,222,000 after buying an additional 762,425 shares in the last quarter. Qube Research & Technologies Ltd grew its position in SelectQuote by 545.8% during the second quarter. Qube Research & Technologies Ltd now owns 584,577 shares of the company’s stock valued at $1,391,000 after acquiring an additional 494,054 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of SelectQuote by 494.7% during the second quarter. Los Angeles Capital Management LLC now owns 563,432 shares of the company’s stock worth $1,341,000 after acquiring an additional 468,692 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

SelectQuote Trading Down 2.7%

SelectQuote stock opened at $1.64 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.42 and a current ratio of 5.42. SelectQuote has a fifty-two week low of $1.33 and a fifty-two week high of $6.86. The stock has a market cap of $287.71 million, a P/E ratio of 32.70 and a beta of 1.22. The firm’s fifty day moving average price is $1.45 and its 200-day moving average price is $1.82.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $323.68 million. Equities research analysts forecast that SelectQuote will post -0.07 earnings per share for the current fiscal year.

SelectQuote Company Profile

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.