SelectQuote (NYSE:SLQT) Earns “Sector Perform” Rating from Royal Bank of Canada

SelectQuote (NYSE:SLQT)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank of Canada in a report issued on Friday,Benzinga reports. They presently have a $4.00 price target on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 41.34% from the company’s previous close.

Separately, Craig Hallum assumed coverage on shares of SelectQuote in a research note on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock.

SelectQuote Stock Up 8.4 %

SLQT stock traded up $0.22 during midday trading on Friday, hitting $2.83. The company’s stock had a trading volume of 217,694 shares, compared to its average volume of 1,021,759. The firm has a market capitalization of $485.37 million, a P/E ratio of -10.00 and a beta of 1.06. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. SelectQuote has a 52-week low of $1.03 and a 52-week high of $4.46. The firm has a 50-day simple moving average of $2.14 and a 200-day simple moving average of $2.87.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The firm had revenue of $292.26 million during the quarter, compared to analyst estimates of $275.15 million. During the same period last year, the company earned ($0.19) earnings per share. As a group, equities analysts forecast that SelectQuote will post -0.2 EPS for the current year.

Institutional Trading of SelectQuote

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TFB Advisors LLC acquired a new stake in shares of SelectQuote during the second quarter worth $29,000. Quadrature Capital Ltd purchased a new position in SelectQuote during the first quarter worth about $40,000. Public Employees Retirement System of Ohio boosted its stake in SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after buying an additional 17,916 shares during the last quarter. Mason Investment Advisory Services Inc. boosted its stake in SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after buying an additional 5,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of SelectQuote by 18.8% during the 1st 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 last quarter. 34.59% of the stock is 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.