Royal Bank of Canada Reiterates Sector Perform Rating for SelectQuote (NYSE:SLQT)

Royal Bank of Canada reissued their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a research report released on Friday,Benzinga reports. The firm currently has a $4.00 price target on the stock.

Separately, Craig Hallum initiated coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 target price for the company.

SelectQuote Price Performance

NYSE SLQT opened at $2.98 on Friday. The stock has a market capitalization of $511.10 million, a price-to-earnings ratio of -10.64 and a beta of 1.06. SelectQuote has a 1-year low of $1.03 and a 1-year high of $4.46. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The business’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.89.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $292.26 million for the quarter, compared to analysts’ expectations 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 company posted ($0.19) EPS. On average, equities analysts predict that SelectQuote will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

Several institutional investors have recently bought and sold shares of SLQT. Jacobs Levy Equity Management Inc. raised its holdings in SelectQuote by 229.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after buying an additional 808,850 shares during the period. Panagora Asset Management Inc. increased its position in SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after acquiring an additional 189,029 shares during the last quarter. KCM Investment Advisors LLC purchased a new stake in shares of SelectQuote in the third quarter valued at $608,000. Creative Planning lifted its holdings in shares of SelectQuote by 6.6% in the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after acquiring an additional 6,150 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SelectQuote by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after purchasing an additional 58,481 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.