SelectQuote (NYSE:SLQT) Trading 6.9% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum initiated coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Stock Up 1.4 %

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

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 analyst estimates of $275.15 million. During the same period in the prior year, the business earned ($0.19) earnings per share. As a group, equities analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Trading of SelectQuote

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Investment Advisory Services Inc. boosted its holdings in SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of SelectQuote in the third quarter valued at approximately $123,000. Algert Global LLC grew its holdings in SelectQuote by 147.1% during the second quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after acquiring an additional 30,019 shares during the period. Virtu Financial LLC purchased a new position in SelectQuote in the third quarter worth $150,000. Finally, Quantbot Technologies LP purchased a new position in SelectQuote in the third quarter worth $153,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.