SelectQuote (NYSE:SLQT) Trading Up 3.7% – Should You Buy?

SelectQuote, Inc. (NYSE:SLQT) was up 3.7% during trading on Tuesday . The company traded as high as $3.70 and last traded at $3.74. Approximately 248,671 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,269,547 shares. The stock had previously closed at $3.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SLQT shares. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Stock Performance

The firm has a fifty day moving average of $4.39 and a 200-day moving average of $3.28. The firm has a market cap of $622.30 million, a P/E ratio of -40.17 and a beta of 1.13. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. Research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the sale, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.40% of the company’s stock.

Institutional Investors Weigh In On SelectQuote

Hedge funds have recently modified their holdings of the business. Barclays PLC raised its position in shares of SelectQuote by 166.8% during 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 during the period. JPMorgan Chase & Co. raised its position in SelectQuote by 36.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock valued at $932,000 after buying an additional 115,865 shares during the last quarter. SG Americas Securities LLC raised its position in SelectQuote by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock valued at $340,000 after buying an additional 8,660 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in SelectQuote in the 4th quarter valued at approximately $47,000. Finally, Geode Capital Management LLC raised its position in 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 buying an additional 43,197 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

SelectQuote Company Profile

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.