SelectQuote (NYSE:SLQT) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a report issued on Tuesday morning, Benzinga reports. They currently have a $4.00 target price on the stock.

Separately, Craig Hallum began coverage on shares of SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective for the company.

SelectQuote Price Performance

SLQT opened at $2.04 on Tuesday. The company has a fifty day moving average price of $2.51 and a 200-day moving average price of $2.80. The company has a debt-to-equity ratio of 2.01, a quick ratio of 6.84 and a current ratio of 6.84. SelectQuote has a one year low of $1.03 and a one year high of $4.46.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Friday, September 13th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $307.21 million for the quarter. SelectQuote had a negative net margin of 2.58% and a negative return on equity of 10.37%. Sell-side analysts anticipate that SelectQuote will post -0.16 EPS for the current year.

Institutional Trading of SelectQuote

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of SelectQuote in the first quarter valued at about $36,000. Quadrature Capital Ltd purchased a new position in shares of SelectQuote in the first quarter valued at about $40,000. 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 acquiring an additional 6,555 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of SelectQuote by 882.6% in the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after acquiring an additional 17,916 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of SelectQuote by 229.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after acquiring an additional 808,850 shares during the period. 34.59% of the stock is owned by institutional investors.

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.