SelectQuote (NYSE:SLQT) Now Covered by Craig Hallum

Investment analysts at Craig Hallum started coverage on shares of SelectQuote (NYSE:SLQT) in a report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $4.50 price target on the stock. Craig Hallum’s price target suggests a potential upside of 122.22% from the stock’s previous close.

SelectQuote Price Performance

Shares of SLQT opened at $2.03 on Monday. The firm’s 50-day simple moving average is $3.21 and its two-hundred day simple moving average is $2.78. SelectQuote has a fifty-two week low of $1.03 and a fifty-two week high of $4.46. The stock has a market cap of $347.17 million, a PE ratio of -6.33 and a beta of 1.08. The company has a debt-to-equity ratio of 2.01, a quick ratio of 6.84 and a current ratio of 6.84.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently added to or reduced their stakes in SLQT. TFB Advisors LLC purchased a new stake in SelectQuote during the 2nd quarter valued at $29,000. Headlands Technologies LLC bought a new stake in shares of SelectQuote in the first quarter worth $36,000. Quadrature Capital Ltd bought a new stake in shares of SelectQuote in the first quarter worth $40,000. Public Employees Retirement System of Ohio increased its position in SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after acquiring an additional 17,916 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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.