SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,177,638 shares, a decrease of 21.0% from the December 15th total of 2,755,477 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 946,177 shares, the days-to-cover ratio is currently 2.3 days. Based on an average trading volume of 946,177 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in SelectQuote in the 3rd quarter valued at approximately $27,000. CIBC Bancorp USA Inc. bought a new position in SelectQuote during the third quarter worth about $29,000. Aquatic Capital Management LLC acquired a new position in shares of SelectQuote during the 3rd quarter worth approximately $29,000. Nations Financial Group Inc. IA ADV increased its stake in SelectQuote by 44.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after acquiring an additional 6,000 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after purchasing an additional 7,675 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SLQT shares. Royal Bank Of Canada reduced their price target on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Thursday, November 20th. Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SelectQuote in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.88.

SelectQuote Price Performance

Shares of NYSE:SLQT traded up $0.01 during midday trading on Tuesday, reaching $1.62. The company’s stock had a trading volume of 696,805 shares, compared to its average volume of 1,358,169. SelectQuote has a fifty-two week low of $1.33 and a fifty-two week high of $6.86. The business’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $1.85. The company has a market capitalization of $284.19 million, a P/E ratio of 32.30 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.42 and a quick ratio of 5.42.

SelectQuote (NYSE:SLQT) last released its earnings results on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.01. The company had revenue of $328.81 million during the quarter, compared to analysts’ expectations of $323.68 million. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%. As a group, equities research analysts expect that SelectQuote will post -0.07 EPS for the current fiscal year.

SelectQuote Company Profile

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.