SelectQuote (NYSE:SLQT) Reaches New 12-Month High After Earnings Beat

SelectQuote, Inc. (NYSE:SLQT)’s stock price hit a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $6.25 and last traded at $6.37, with a volume of 5810441 shares traded. The stock had previously closed at $4.38.

The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mason Investment Advisory Services Inc. lifted its stake in shares of 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 purchasing an additional 5,000 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of SelectQuote in the fourth quarter worth about $47,000. Cibc World Markets Corp acquired a new position in shares of SelectQuote in the fourth quarter worth about $47,000. Raymond James Financial Inc. purchased a new stake in shares of SelectQuote during the 4th quarter worth about $97,000. Finally, Intech Investment Management LLC acquired a new stake in shares of SelectQuote during the 3rd quarter valued at about $123,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Trading Down 1.9 %

The stock has a market cap of $963.89 million, a PE ratio of -20.07 and a beta of 1.15. The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The company has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.12.

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.