SelectQuote (NYSE:SLQT) Stock: Insider Robert Clay Grant Purchases 79,801 Shares

SelectQuote, Inc. (NYSE:SLQT) President Robert Grant purchased 79,801 shares of the stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $0.51 per share, for a total transaction of $40,698.51. Following the completion of the acquisition, the president owned 3,386,491 shares in the company, valued at $1,727,110.41. This represents a 2.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SelectQuote Stock Performance

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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SLQT shares. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On SelectQuote

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in SelectQuote by 541.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 181,939 shares of the company’s stock worth $74,000 after acquiring an additional 153,562 shares during the period. SMH Capital Advisors Inc. acquired a new position in SelectQuote in the 3rd quarter valued at $47,000. Fragasso Financial Advisors Inc bought a new stake in shares of SelectQuote during the 3rd quarter valued at $61,000. Squarepoint Ops LLC bought a new stake in shares of SelectQuote during the 2nd quarter valued at $536,000. Finally, Hsbc Holdings PLC grew its holdings in shares of SelectQuote by 850.0% during the 2nd quarter. Hsbc Holdings PLC now owns 122,430 shares of the company’s stock worth $102,000 after purchasing an additional 109,543 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Top SelectQuote Stories

Here are a few of the latest stories 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

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.