Jefferies Financial Group Initiates Coverage on SelectQuote (NYSE:SLQT)

Equities researchers at Jefferies Financial Group began coverage on shares of SelectQuote (NYSE:SLQT) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $2.75 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 23.54% from the company’s current price.

Separately, Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Trading Up 0.7%

Shares of SelectQuote stock opened at $2.23 on Wednesday. The firm has a market capitalization of $384.48 million, a price-to-earnings ratio of -24.73 and a beta of 1.26. SelectQuote has a fifty-two week low of $1.62 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The stock has a 50 day moving average of $3.06 and a 200 day moving average of $3.50.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $408.16 million during the quarter, compared to analyst estimates of $412.83 million. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. As a group, research analysts predict that SelectQuote will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. acquired a new stake in shares of SelectQuote during the 1st quarter valued at $34,000. Virtu Financial LLC bought a new position in shares of SelectQuote during the 1st quarter valued at $34,000. Johnson Investment Counsel Inc. bought a new position in SelectQuote in the 1st quarter worth $35,000. Kapitalo Investimentos Ltda bought a new position in SelectQuote in the 1st quarter worth $35,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in SelectQuote in the 1st quarter worth $40,000. Institutional investors and hedge funds 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.