SelectQuote, Inc. (NYSE:SLQT – Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 507,000 shares, a drop of 23.1% from the May 15th total of 659,600 shares. Based on an average trading volume of 752,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, Noble Financial started coverage on shares of SelectQuote in a research report on Thursday, February 29th. They set an “outperform” rating and a $5.00 price objective on the stock.
View Our Latest Stock Analysis on SelectQuote
Institutional Trading of SelectQuote
SelectQuote Stock Down 0.4 %
SelectQuote stock traded down $0.01 during mid-day trading on Friday, hitting $2.76. The company’s stock had a trading volume of 594,949 shares, compared to its average volume of 725,144. The company has a debt-to-equity ratio of 1.87, a current ratio of 6.34 and a quick ratio of 6.34. SelectQuote has a 52-week low of $1.03 and a 52-week high of $3.36. The firm’s 50 day moving average is $2.40 and its 200 day moving average is $1.81. The company has a market cap of $466.88 million, a PE ratio of -8.63 and a beta of 1.12.
SelectQuote (NYSE:SLQT – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $376.40 million during the quarter, compared to analyst estimates of $341.80 million. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, analysts anticipate that SelectQuote will post -0.21 earnings per share for the current year.
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.
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