SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 507,000 shares, a drop of 23.1% from the May 15th total of 659,600 shares. Based on an average trading volume of 752,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Noble Financial started coverage on shares of SelectQuote in a research report on Thursday, February 29th. They set an “outperform” rating and a $5.00 price objective on the stock.

Institutional Trading of SelectQuote

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mariner LLC raised its position in SelectQuote by 21.9% during the third quarter. Mariner LLC now owns 3,171,414 shares of the company’s stock valued at $3,711,000 after acquiring an additional 569,323 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SelectQuote in the 3rd quarter valued at $47,000. Dark Forest Capital Management LP bought a new stake in SelectQuote in the third quarter worth $35,000. GSA Capital Partners LLP increased its position in SelectQuote by 10.6% during the third quarter. GSA Capital Partners LLP now owns 1,197,202 shares of the company’s stock worth $1,401,000 after buying an additional 114,522 shares during the last quarter. Finally, Barclays PLC raised its holdings in SelectQuote by 24.3% during the third quarter. Barclays PLC now owns 47,139 shares of the company’s stock valued at $56,000 after buying an additional 9,208 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Stock Down 0.4 %

SelectQuote stock traded down $0.01 during mid-day trading on Friday, hitting $2.76. The company’s stock had a trading volume of 594,949 shares, compared to its average volume of 725,144. The company has a debt-to-equity ratio of 1.87, a current ratio of 6.34 and a quick ratio of 6.34. SelectQuote has a 52-week low of $1.03 and a 52-week high of $3.36. The firm’s 50 day moving average is $2.40 and its 200 day moving average is $1.81. The company has a market cap of $466.88 million, a PE ratio of -8.63 and a beta of 1.12.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $376.40 million during the quarter, compared to analyst estimates of $341.80 million. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, analysts anticipate that SelectQuote will post -0.21 earnings per share for the current year.

SelectQuote Company Profile

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.