SelectQuote (NYSE:SLQT) Stock: Insider Donald Hawks III Acquires 223,402 Shares

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III bought 223,402 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $0.46 per share, with a total value of $102,764.92. Following the transaction, the director directly owned 763,214 shares in the company, valued at approximately $351,078.44. This trade represents a 41.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SelectQuote Stock Up 11.8%

SelectQuote stock opened at $0.51 on Thursday. The firm has a market cap of $91.69 million, a price-to-earnings ratio of -17.03 and a beta of 2.01. SelectQuote, Inc. has a 52-week low of $0.30 and a 52-week high of $1.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 7.48 and a current ratio of 7.48. The firm has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.74.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.12. SelectQuote had a net margin of 4.61% and a return on equity of 22.48%. The company had revenue of $280.01 million for the quarter, compared to analyst estimates of $277.91 million. Equities analysts predict that SelectQuote, Inc. will post -0.25 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, Wall Street Zen lowered SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On SelectQuote

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of SelectQuote during the 2nd quarter worth approximately $1,836,000. GSA Capital Partners LLP bought a new stake in shares of SelectQuote in the 2nd quarter valued at $1,123,000. Renaissance Technologies LLC lifted its position in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after acquiring an additional 909,939 shares during the period. Squarepoint Ops LLC acquired a new position in shares of SelectQuote during the 2nd quarter valued at $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SelectQuote during the 2nd quarter valued at $461,000. 34.59% of the stock is owned by institutional investors and hedge funds.

SelectQuote News Roundup

Here’s some of the latest news about SLQT:

• Positive Sentiment: Executives and directors reported buying a combined 919,905 shares for about $447,000 on November 6 and 9. Buyers included CEO Timothy Danker, President Robert Grant, COO William Grant, and directors Raymond Weldon and Donald Hawks; Weldon’s 409,836-share purchase was the largest. Insider buying report
• Neutral Sentiment: Recent quarterly results beat estimates: SelectQuote reported a loss of $0.21 per share versus a forecasted loss of $0.33, while revenue of $280.01 million modestly exceeded expectations. The company nevertheless remains loss-making, and analyst ratings cited in the report were mixed, with a consensus of Hold. Company and analyst information

About SelectQuote

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.