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

Royal Bank of Canada restated their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a report issued on Friday,Benzinga reports. The brokerage currently has a $4.00 price target on the stock.

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

SelectQuote Stock Performance

Shares of SelectQuote stock opened at $2.98 on Friday. SelectQuote has a 12 month low of $1.03 and a 12 month high of $4.46. The firm has a market capitalization of $511.10 million, a P/E ratio of -10.64 and a beta of 1.06. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.89.

SelectQuote (NYSE:SLQT) last issued its quarterly 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 business had revenue of $292.26 million for the quarter, compared to analysts’ expectations of $275.15 million. During the same period last year, the business earned ($0.19) earnings per share. On average, equities analysts forecast that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of SelectQuote

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