SelectQuote (NYSE:SLQT) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of SelectQuote (NYSE:SLQT) in a report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $4.50 target price on the stock.

SelectQuote Stock Performance

Shares of SLQT opened at $2.08 on Monday. The firm’s 50-day moving average is $3.13 and its two-hundred day moving average is $2.77. SelectQuote has a twelve month low of $1.03 and a twelve month high of $4.46. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $351.00 million, a P/E ratio of -6.48 and a beta of 1.05.

Institutional Trading of SelectQuote

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of SelectQuote by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after buying an additional 6,555 shares in the last quarter. TFB Advisors LLC purchased a new position in SelectQuote during the 2nd quarter valued at about $29,000. Public Employees Retirement System of Ohio raised its position in SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after acquiring an additional 17,916 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of SelectQuote in the first quarter valued at about $36,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of SelectQuote in the first quarter valued at approximately $40,000. 34.59% of the stock is currently owned by hedge funds and other 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.