SelectQuote Sees Unusually High Options Volume (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT) was the target of some unusual options trading on Thursday. Stock traders purchased 27,461 call options on the company. Thisisanincreaseofapproximately6,392% compared to the average volume of 423 call options.

Hedge Funds Weigh In On SelectQuote

Institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. acquired a new position in SelectQuote in the first quarter valued at $34,000. Virtu Financial LLC acquired a new position in SelectQuote in the first quarter valued at $34,000. Johnson Investment Counsel Inc. acquired a new position in SelectQuote in the first quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new position in SelectQuote in the first quarter valued at $35,000. Finally, Russell Investments Group Ltd. increased its stake in SelectQuote by 90.7% during the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after acquiring an additional 7,675 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Stock Up 4.4%

SLQT opened at $2.7050 on Friday. The business’s fifty day moving average is $2.16 and its two-hundred day moving average is $2.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.46 and a current ratio of 5.68. The company has a market cap of $467.21 million, a price-to-earnings ratio of 54.10 and a beta of 1.22. SelectQuote has a one year low of $1.62 and a one year high of $6.86.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.01. SelectQuote had a return on equity of 6.35% and a net margin of 3.12%.The business had revenue of $345.10 million for the quarter, compared to the consensus estimate of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. Analysts anticipate that SelectQuote will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

SLQT has been the topic of a number of recent research reports. Wall Street Zen lowered SelectQuote from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Jefferies Financial Group initiated coverage on SelectQuote in a report on Wednesday, May 21st. They set a “hold” rating and a $2.75 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on SelectQuote from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, SelectQuote has an average rating of “Moderate Buy” and an average target price of $4.42.

About SelectQuote

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.