SelectQuote (NYSE:SLQT) Price Target Lowered to $3.00 at Royal Bank Of Canada

SelectQuote (NYSE:SLQT) had its target price reduced by Royal Bank Of Canada from $5.00 to $3.00 in a report issued on Wednesday,Benzinga reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings upgraded SelectQuote from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Zacks Research raised SelectQuote from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Wall Street Zen raised shares of SelectQuote from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Craig Hallum set a $3.00 price objective on shares of SelectQuote in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.92.

SelectQuote Trading Down 1.3%

Shares of NYSE:SLQT traded down $0.01 during midday trading on Wednesday, reaching $0.87. The company had a trading volume of 254,670 shares, compared to its average volume of 1,608,388. The company has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 5.65 and a current ratio of 5.65. The firm has a market cap of $153.20 million, a price-to-earnings ratio of 87.49 and a beta of 1.23. SelectQuote has a 1-year low of $0.82 and a 1-year high of $6.21.

SelectQuote (NYSE:SLQT) last announced its earnings results on Thursday, February 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. The company had revenue of $537.10 million during the quarter, compared to analysts’ expectations of $530.73 million. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. Research analysts predict that SelectQuote will post -0.07 earnings per share for the current year.

Institutional Trading of SelectQuote

Several large investors have recently made changes to their positions in SLQT. Geode Capital Management LLC raised its position in shares of SelectQuote by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,369,383 shares of the company’s stock valued at $4,752,000 after purchasing an additional 39,631 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in SelectQuote by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company’s stock valued at $4,596,000 after buying an additional 803,594 shares during the last quarter. American Century Companies Inc. increased its position 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 buying an additional 762,425 shares during the period. Captrust Financial Advisors lifted its holdings in shares of SelectQuote by 4.8% during the third quarter. Captrust Financial Advisors now owns 1,526,585 shares of the company’s stock worth $2,992,000 after buying an additional 70,043 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of SelectQuote by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 1,377,347 shares of the company’s stock valued at $3,278,000 after acquiring an additional 91,091 shares during the period. Institutional investors own 34.59% of the company’s stock.

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.