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

Shares of SelectQuote, Inc. (NYSE:SLQT) have received an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on 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 reduced their target price on shares of 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 shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of SelectQuote in a research note on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SLQT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in SelectQuote by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock worth $273,000 after acquiring an additional 4,947 shares in the last quarter. Financial Partners Group Inc increased its holdings in shares of SelectQuote by 17.2% during the second quarter. Financial Partners Group Inc now owns 40,105 shares of the company’s stock valued at $95,000 after acquiring an additional 5,882 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of SelectQuote by 44.4% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock valued at $38,000 after purchasing an additional 6,000 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in SelectQuote by 28.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 34,369 shares of the company’s stock worth $82,000 after purchasing an additional 7,646 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after purchasing an additional 7,675 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

SelectQuote Stock Performance

Shares of NYSE:SLQT opened at $1.41 on Thursday. The firm has a 50 day moving average of $1.57 and a 200 day moving average of $1.93. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $247.24 million, a price-to-earnings ratio of 28.10 and a beta of 1.20. SelectQuote has a 52 week low of $1.33 and a 52 week high of $6.86.

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

About SelectQuote

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.