SelectQuote (NYSE:SLQT) Shares Up 4.8% – Here’s What Happened

SelectQuote, Inc. (NYSE:SLQT)’s share price traded up 4.8% on Wednesday . The stock traded as high as $3.53 and last traded at $3.51. 194,542 shares traded hands during trading, a decline of 81% from the average session volume of 1,003,106 shares. The stock had previously closed at $3.35.

Wall Street Analyst Weigh In

SLQT has been the subject of several research analyst reports. Craig Hallum assumed coverage on shares of SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Price Performance

The firm has a market capitalization of $514.52 million, a P/E ratio of -10.71 and a beta of 1.22. The business’s fifty day moving average is $2.50 and its 200 day moving average is $2.89. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of SelectQuote in the third quarter worth about $150,000. Barclays PLC lifted its stake in shares of SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after buying an additional 124,005 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SelectQuote by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock worth $6,688,000 after buying an additional 43,197 shares during the period. State Street Corp raised its holdings in SelectQuote by 0.7% in the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock worth $6,280,000 after acquiring an additional 21,413 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in SelectQuote by 35.2% during the third quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock valued at $205,000 after acquiring an additional 24,605 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.