SelectQuote (NYSE:SLQT) Stock: Insider Timothy Robert Danker Buys 100,668 Shares

SelectQuote, Inc. (NYSE:SLQT) CEO Timothy Danker bought 100,668 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $0.50 per share, for a total transaction of $50,334.00. Following the transaction, the chief executive officer owned 3,076,073 shares in the company, valued at $1,538,036.50. The trade was a 3.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SelectQuote Trading Up 11.8%

NYSE SLQT opened at $0.51 on Thursday. The stock has a market capitalization of $91.69 million, a price-to-earnings ratio of -17.03 and a beta of 2.01. The stock’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 7.48 and a current ratio of 7.48. SelectQuote, Inc. has a 52 week low of $0.30 and a 52 week high of $1.76.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.12. The firm had revenue of $280.01 million during the quarter, compared to the consensus estimate of $277.91 million. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. As a group, analysts anticipate that SelectQuote, Inc. will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SLQT shares. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.00.

Trending Headlines about SelectQuote

Here are a few of the latest headlines about SLQT:

• Positive Sentiment: Executives and directors reported buying a combined 919,905 shares for about $447,000 on November 6 and 9. Buyers included CEO Timothy Danker, President Robert Grant, COO William Grant, and directors Raymond Weldon and Donald Hawks; Weldon’s 409,836-share purchase was the largest. Insider buying report
• Neutral Sentiment: Recent quarterly results beat estimates: SelectQuote reported a loss of $0.21 per share versus a forecasted loss of $0.33, while revenue of $280.01 million modestly exceeded expectations. The company nevertheless remains loss-making, and analyst ratings cited in the report were mixed, with a consensus of Hold. Company and analyst information

Institutional Trading of SelectQuote

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in SelectQuote in the second quarter valued at approximately $1,836,000. Renaissance Technologies LLC increased its position in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after purchasing an additional 909,939 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of SelectQuote during the 2nd quarter worth approximately $1,123,000. Persistent Asset Partners Ltd bought a new stake in shares of SelectQuote during the 2nd quarter worth approximately $57,000. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in shares of SelectQuote during the 2nd quarter worth approximately $271,000. Institutional investors own 34.59% of the company’s stock.

About SelectQuote

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.