SelectQuote, Inc. (NYSE:SLQT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of SelectQuote, Inc. (NYSE:SLQT) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.8750.

SLQT has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their target price on SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a report on Monday, December 1st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of SelectQuote in the 3rd quarter worth approximately $27,000. CIBC Bancorp USA Inc. acquired a new position in SelectQuote in the third quarter valued at $29,000. Aquatic Capital Management LLC bought a new stake in SelectQuote during the third quarter valued at $29,000. Virtu Financial LLC acquired a new stake in SelectQuote during the 1st quarter worth about $34,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in SelectQuote by 44.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 34.59% of the company’s stock.

SelectQuote Trading Down 4.5%

SLQT opened at $1.39 on Friday. The company has a market cap of $243.72 million, a P/E ratio of 27.70 and a beta of 1.20. The company has a current ratio of 5.42, a quick ratio of 5.42 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $1.78 and its 200-day moving average is $2.03. SelectQuote has a 1-year low of $1.33 and a 1-year high of $6.86.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.01. The business had revenue of $328.81 million during the quarter, compared to the consensus estimate of $323.68 million. SelectQuote had a net margin of 3.95% and a return on equity of 10.41%. Equities research analysts predict that SelectQuote will post -0.07 earnings per share for the current fiscal 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.