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

Shares of SelectQuote, Inc. (NYSE:SLQT) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.8750.

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of SelectQuote in a report on Monday, December 29th. Royal Bank Of Canada dropped their target price on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Institutional Investors Weigh In On SelectQuote

A number of hedge funds have recently made changes to their positions in SLQT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SelectQuote by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock worth $273,000 after purchasing an additional 4,947 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of SelectQuote by 44.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock valued at $38,000 after buying an additional 6,000 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of SelectQuote by 28.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 34,369 shares of the company’s stock worth $82,000 after buying an additional 7,646 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of SelectQuote by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock valued at $38,000 after acquiring an additional 7,675 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in SelectQuote by 9.5% during the second quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock valued at $218,000 after acquiring an additional 7,960 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

SelectQuote Stock Down 2.7%

Shares of NYSE:SLQT opened at $1.64 on Monday. The stock has a market cap of $287.71 million, a price-to-earnings ratio of 32.70 and a beta of 1.22. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote has a 12-month low of $1.33 and a 12-month high of $6.86. The business’s 50 day moving average is $1.45 and its 200 day moving average is $1.82.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The business had revenue of $328.81 million during the quarter, compared to analyst estimates 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 forecast that SelectQuote will post -0.07 earnings per share for the current fiscal year.

SelectQuote Company Profile

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.