SelectQuote (NYSE:SLQT) Trading Up 5.9% – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT)’s stock price rose 5.9% on Friday . The company traded as high as $4.11 and last traded at $4.10. Approximately 272,856 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 684,569 shares. The stock had previously closed at $3.87.

Analysts Set New Price Targets

SLQT has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum assumed coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock.

SelectQuote Trading Up 3.6 %

The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The company’s 50 day moving average price is $2.80 and its 200 day moving average price is $2.93. The company has a market cap of $687.74 million, a price-to-earnings ratio of -14.32 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period in the prior year, the firm posted ($0.19) EPS. Research analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On SelectQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of SelectQuote by 36.9% during the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock valued at $932,000 after purchasing an additional 115,865 shares during the period. Virtu Financial LLC bought a new position in shares of SelectQuote during the 3rd quarter worth about $150,000. Barclays PLC raised its position in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after purchasing an additional 124,005 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SelectQuote by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock valued at $6,688,000 after purchasing an additional 43,197 shares during the period. Finally, State Street Corp lifted its position in shares of SelectQuote by 0.7% during the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock worth $6,280,000 after buying an additional 21,413 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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.