Wall Street Zen Downgrades SelectQuote (NYSE:SLQT) to Sell

SelectQuote (NYSE:SLQT) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research downgraded SelectQuote from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.00.

SelectQuote Stock Up 0.7%

SLQT stock opened at $0.52 on Friday. The company has a current ratio of 6.57, a quick ratio of 6.57 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $0.75 and its 200 day moving average price is $0.81. SelectQuote has a 52 week low of $0.48 and a 52 week high of $2.35. The company has a market cap of $92.42 million, a P/E ratio of -6.54 and a beta of 1.66.

SelectQuote (NYSE:SLQT) last issued its earnings results on Tuesday, August 25th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). SelectQuote had a net margin of 3.84% and a return on equity of 19.70%. The company had revenue of $321.65 million during the quarter, compared to analysts’ expectations of $353.44 million. On average, research analysts expect that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of SelectQuote

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of SelectQuote by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,369,383 shares of the company’s stock worth $4,752,000 after purchasing an additional 39,631 shares in the last quarter. BlackRock Inc. purchased a new stake in SelectQuote in the 2nd quarter valued at approximately $1,836,000. Captrust Financial Advisors lifted its stake in SelectQuote by 36.3% in the 4th quarter. Captrust Financial Advisors now owns 2,081,209 shares of the company’s stock valued at $2,935,000 after buying an additional 554,624 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in SelectQuote by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company’s stock valued at $4,596,000 after buying an additional 803,594 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in SelectQuote by 530.1% during the 4th quarter. Millennium Management LLC now owns 1,637,460 shares of the company’s stock valued at $2,309,000 after buying an additional 1,377,577 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Company Profile

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.