SelectQuote (NYSE:SLQT) Upgraded to Hold at Wall Street Zen

SelectQuote (NYSE:SLQT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

SLQT has been the topic of several other reports. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Craig Hallum set a $3.00 price target on shares of SelectQuote in a research report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of SelectQuote in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reduced their target price on SelectQuote from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SelectQuote presently has an average rating of “Hold” and an average price target of $3.58.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $1.09 on Friday. The stock has a market capitalization of $191.81 million, a PE ratio of 109.11 and a beta of 1.23. The company has a debt-to-equity ratio of 1.07, a current ratio of 5.65 and a quick ratio of 5.42. The business has a fifty day moving average price of $1.44 and a two-hundred day moving average price of $1.77. SelectQuote has a fifty-two week low of $0.96 and a fifty-two week high of $6.86.

SelectQuote (NYSE:SLQT) last released its earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The company had revenue of $537.10 million for the quarter, compared to analyst estimates of $530.73 million. SelectQuote had a return on equity of 14.85% and a net margin of 4.80%. As a group, equities analysts predict that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of SelectQuote by 75.4% in the second quarter. American Century Companies Inc. now owns 1,773,882 shares of the company’s stock valued at $4,222,000 after buying an additional 762,425 shares during the period. Los Angeles Capital Management LLC grew its holdings in SelectQuote by 494.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 563,432 shares of the company’s stock worth $1,341,000 after acquiring an additional 468,692 shares during the last quarter. SG Americas Securities LLC grew its holdings in SelectQuote by 181.4% during the 2nd quarter. SG Americas Securities LLC now owns 275,024 shares of the company’s stock worth $655,000 after acquiring an additional 177,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in SelectQuote in the 2nd quarter valued at approximately $69,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of SelectQuote during the second quarter valued at $95,000. 34.59% of the stock is currently owned by institutional investors.

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.