SelectQuote (NYSE:SLQT) Stock Price Up 6.9% – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT) shares rose 6.9% during trading on Thursday . The stock traded as high as $3.54 and last traded at $3.54. Approximately 262,423 shares were traded during trading, a decline of 74% from the average daily volume of 1,007,321 shares. The stock had previously closed at $3.31.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SLQT. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum began coverage on SelectQuote in a research report on Monday, September 30th. They issued a “buy” rating and a $4.50 target price for the company.

SelectQuote Stock Up 1.4 %

The firm has a market cap of $631.14 million, a PE ratio of -13.14 and a beta of 1.22. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The business has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $2.90.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The company had revenue of $292.26 million for the quarter, compared to analysts’ expectations of $275.15 million. During the same quarter last year, the company earned ($0.19) EPS. On average, equities research analysts expect that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Several institutional investors have recently modified their holdings of SLQT. KCM Investment Advisors LLC purchased a new stake in SelectQuote during the third quarter worth approximately $608,000. Bank of Montreal Can acquired a new position in shares of SelectQuote in the 2nd quarter valued at $545,000. Panagora Asset Management Inc. grew its holdings in shares of SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock worth $1,132,000 after purchasing an additional 189,029 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SelectQuote by 158.8% during the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock worth $768,000 after purchasing an additional 170,726 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of SelectQuote in the 3rd quarter valued at about $311,000. 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.