SelectQuote (NYSE:SLQT) Trading Up 11.4% – What’s Next?

SelectQuote, Inc. (NYSE:SLQT) shot up 11.4% during trading on Monday . The company traded as high as $0.6795 and last traded at $0.6640. 1,607,800 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,518,840 shares. The stock had previously closed at $0.5961.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SLQT. Wall Street Zen raised SelectQuote from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Craig Hallum set a $3.00 target price on SelectQuote in a report on Friday, February 6th. Zacks Research raised shares of SelectQuote from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings lowered shares of SelectQuote from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of SelectQuote from $5.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.92.

SelectQuote Stock Performance

The stock has a market capitalization of $111.06 million, a P/E ratio of 63.06 and a beta of 1.24. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $1.02 and a two-hundred day moving average price of $1.47.

SelectQuote (NYSE:SLQT) last issued its earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $537.10 million for the quarter, compared to analyst estimates of $530.73 million. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. On average, equities analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of SelectQuote by 1,166.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 51,599 shares of the company’s stock worth $73,000 after purchasing an additional 47,524 shares during the last quarter. Aristides Capital LLC bought a new stake in SelectQuote during the fourth quarter worth $108,000. Invesco Ltd. grew its holdings in SelectQuote by 12.0% during the fourth quarter. Invesco Ltd. now owns 265,687 shares of the company’s stock worth $375,000 after buying an additional 28,441 shares in the last quarter. Empowered Funds LLC purchased a new stake in SelectQuote in the 4th quarter valued at $628,000. Finally, XTX Topco Ltd purchased a new stake in SelectQuote in the 4th quarter valued at $44,000. 34.59% of the stock is owned by institutional investors.

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.