SelectQuote (NYSE:SLQT) Trading 5.2% Higher – Here’s What Happened

SelectQuote, Inc. (NYSE:SLQT) shares were up 5.2% during trading on Friday . The company traded as high as $3.05 and last traded at $3.05. Approximately 41,494 shares traded hands during trading, a decline of 96% from the average daily volume of 1,016,349 shares. The stock had previously closed at $2.90.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum assumed coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective for the company.

SelectQuote Stock Up 3.8 %

The company’s 50-day simple moving average is $2.24 and its 200 day simple moving average is $2.89. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66.

SelectQuote (NYSE:SLQT) last posted its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same quarter last year, the business earned ($0.19) earnings per share. On average, equities research analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Several institutional investors and hedge funds have recently bought and sold shares of SLQT. TFB Advisors LLC acquired a new position in SelectQuote in the second quarter worth about $29,000. Public Employees Retirement System of Ohio raised its holdings in shares of SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after buying an additional 17,916 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of SelectQuote during the 1st quarter worth approximately $40,000. Mason Investment Advisory Services Inc. boosted its stake in SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in SelectQuote by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after acquiring an additional 6,555 shares during the period. Institutional investors own 34.59% of the company’s stock.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.