SelectQuote (NYSE:SLQT) Trading Up 1.1% – What’s Next?

Shares of SelectQuote, Inc. (NYSE:SLQT) rose 1.1% on Monday . The stock traded as high as $0.81 and last traded at $0.7550. 458,770 shares were traded during trading, a decline of 52% from the average daily volume of 965,278 shares. The stock had previously closed at $0.7470.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SLQT. Weiss Ratings raised shares of SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Zacks Research cut shares of SelectQuote from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SelectQuote has a consensus rating of “Hold” and an average target price of $3.00.

SelectQuote Trading Down 6.4%

The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $122.74 million, a P/E ratio of 7.73 and a beta of 1.66. The firm has a 50 day moving average of $0.84 and a 200-day moving average of $0.91.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The business had revenue of $430.93 million for the quarter, compared to the consensus estimate of $438.93 million. SelectQuote had a return on equity of 20.49% and a net margin of 5.60%. On average, equities research analysts predict that SelectQuote, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of SelectQuote

Several large investors have recently modified their holdings of SLQT. Dynamic Technology Lab Private Ltd acquired a new position in SelectQuote in the third quarter valued at about $27,000. CIBC Bancorp USA Inc. bought a new stake in SelectQuote during the third quarter worth about $29,000. Aquatic Capital Management LLC acquired a new stake in SelectQuote during the third quarter worth about $29,000. Russell Investments Group Ltd. grew its stake in SelectQuote by 90.7% during the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after buying an additional 7,675 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in SelectQuote in the 3rd quarter valued at about $43,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.