SelectQuote (NYSE:SLQT) Shares Up 4.3% – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT) rose 4.3% on Tuesday . The company traded as high as $3.44 and last traded at $3.48. Approximately 193,800 shares were traded during trading, a decline of 85% from the average daily volume of 1,288,365 shares. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

SelectQuote Price Performance

The company has a 50-day moving average of $4.33 and a 200-day moving average of $3.28. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The firm has a market capitalization of $605.09 million, a price-to-earnings ratio of -38.94 and a beta of 1.13.

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

Insider Buying and Selling at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now directly owns 1,166 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in SelectQuote during the 3rd quarter worth about $123,000. Charles Schwab Investment Management Inc. raised its holdings in SelectQuote by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company’s stock worth $2,564,000 after acquiring an additional 53,159 shares in the last quarter. Quantbot Technologies LP bought a new stake in SelectQuote during the third quarter worth about $153,000. IHT Wealth Management LLC boosted its position in SelectQuote by 35.2% during the third quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock valued at $205,000 after purchasing an additional 24,605 shares during the last quarter. Finally, State Street Corp increased 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 purchasing an additional 21,413 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.