SelectQuote (NYSE:SLQT) Reaches New 1-Year High – Should You Buy?

SelectQuote, Inc. (NYSE:SLQT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $4.62 and last traded at $4.55, with a volume of 902835 shares changing hands. The stock had previously closed at $4.24.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SLQT shares. Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Up 6.5 %

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 has a market capitalization of $774.37 million, a PE ratio of -16.13 and a beta of 1.14. The company’s 50-day moving average is $3.26 and its 200 day moving average is $3.03.

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

Institutional Investors Weigh In On SelectQuote

Several large investors have recently bought and sold shares of the business. Mason Investment Advisory Services Inc. raised its holdings in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the last quarter. Algert Global LLC grew its position in SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after purchasing an additional 30,019 shares during the period. Intech Investment Management LLC purchased a new stake in SelectQuote during the 3rd quarter valued at $123,000. Virtu Financial LLC bought a new stake in shares of SelectQuote in the third quarter worth $150,000. Finally, Quantbot Technologies LP bought a new position in SelectQuote in the third quarter valued at about $153,000. 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.