SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,177,638 shares, a decline of 21.0% from the December 15th total of 2,755,477 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 946,177 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 946,177 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of SelectQuote in the third quarter worth $27,000. CIBC Bancorp USA Inc. bought a new stake in SelectQuote in the 3rd quarter valued at $29,000. Aquatic Capital Management LLC acquired a new stake in SelectQuote in the 3rd quarter worth $29,000. Russell Investments Group Ltd. increased its holdings in shares of SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after purchasing an additional 7,675 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of SelectQuote by 44.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock valued at $38,000 after buying an additional 6,000 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Stock Performance

Shares of NYSE:SLQT traded down $0.06 during trading on Friday, reaching $1.62. The stock had a trading volume of 1,090,047 shares, compared to its average volume of 1,100,437. The stock has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.86. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote has a 52 week low of $1.33 and a 52 week high of $6.86. The firm has a market capitalization of $284.19 million, a price-to-earnings ratio of 32.30 and a beta of 1.22.

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, topping the consensus estimate of ($0.27) by $0.01. The business had revenue of $328.81 million during the quarter, compared to the consensus estimate of $323.68 million. SelectQuote had a net margin of 3.95% and a return on equity of 10.41%. As a group, analysts anticipate that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SLQT. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d)” rating on shares of SelectQuote in a research note on Monday, December 29th. Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.88.

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.