SelectQuote (NYSE:SLQT) Director Purchases 409,836 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT) Director Raymond Weldon acquired 409,836 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $0.49 per share, with a total value of $200,819.64. Following the completion of the acquisition, the director owned 923,050 shares in the company, valued at $452,294.50. This trade represents a 79.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SelectQuote Stock Performance

SelectQuote stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.46. The company’s stock had a trading volume of 530,965 shares, compared to its average volume of 1,550,047. SelectQuote, Inc. has a 12-month low of $0.30 and a 12-month high of $1.76. The company has a market capitalization of $82.28 million, a P/E ratio of -15.30 and a beta of 2.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 6.57 and a current ratio of 7.48. The firm’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.75.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on SLQT shares. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen cut SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, SelectQuote currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently made changes to their positions in SLQT. EP Wealth Advisors LLC purchased a new position in SelectQuote during the second quarter worth about $51,000. Persistent Asset Partners Ltd purchased a new stake in shares of SelectQuote in the 2nd quarter valued at about $57,000. Corient Private Wealth LP purchased a new stake in shares of SelectQuote in the 2nd quarter valued at about $71,000. State of Wyoming raised its holdings in shares of SelectQuote by 103.4% in the 1st quarter. State of Wyoming now owns 95,382 shares of the company’s stock valued at $60,000 after acquiring an additional 48,483 shares in the last quarter. Finally, SMH Capital Advisors Inc. bought a new stake in shares of SelectQuote during the 3rd quarter valued at about $47,000. Hedge funds and other 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.