SelectQuote (NYSE:SLQT) Trading 4.6% Higher – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT) shares rose 4.6% on Wednesday . The company traded as high as $0.89 and last traded at $0.88. Approximately 1,116,564 shares were traded during trading, a decline of 51% from the average session volume of 2,276,299 shares. The stock had previously closed at $0.8411.

Analyst Ratings Changes

Several research firms recently commented on SLQT. Zacks Research upgraded SelectQuote from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.00.

SelectQuote Price Performance

The firm has a market capitalization of $155.19 million, a price-to-earnings ratio of 9.78 and a beta of 1.64. The company’s fifty day moving average price is $0.97 and its 200 day moving average price is $1.03. The company has a debt-to-equity ratio of 0.92, a quick ratio of 5.63 and a current ratio of 5.63.

SelectQuote (NYSE:SLQT) last issued its earnings results on Tuesday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%. The firm had revenue of $430.93 million for the quarter, compared to analysts’ expectations of $438.93 million. Equities research analysts expect that SelectQuote, Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in SelectQuote in the 3rd quarter valued at about $27,000. CIBC Bancorp USA Inc. acquired a new stake in shares of SelectQuote in the 3rd quarter worth approximately $29,000. Aquatic Capital Management LLC acquired a new stake in shares of SelectQuote in the 3rd quarter worth approximately $29,000. Russell Investments Group Ltd. boosted its holdings in shares of SelectQuote by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock valued at $38,000 after acquiring an additional 7,675 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of SelectQuote during the third quarter valued at approximately $43,000. Institutional investors own 34.59% of the company’s stock.

About SelectQuote

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.