Zacks Research Upgrades SelectQuote (NYSE:SLQT) to Strong-Buy

SelectQuote (NYSE:SLQT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on SLQT. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research note on Wednesday. Craig Hallum set a $3.00 target price on shares of SelectQuote in a report on Friday, February 6th. Royal Bank Of Canada reduced their target price on shares of SelectQuote from $5.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen raised shares of SelectQuote from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.92.

SelectQuote Stock Down 0.4%

Shares of NYSE SLQT opened at $1.14 on Thursday. The stock has a market cap of $200.16 million, a P/E ratio of 12.61 and a beta of 1.62. The company has a current ratio of 5.63, a quick ratio of 5.65 and a debt-to-equity ratio of 0.92. SelectQuote has a 12-month low of $0.56 and a 12-month high of $2.77. The business’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $1.22.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.17. The business had revenue of $430.93 million for the quarter, compared to analysts’ expectations of $438.93 million. SelectQuote had a return on equity of 20.49% and a net margin of 5.60%. As a group, equities analysts predict that SelectQuote will post -0.03 EPS for the current fiscal year.

Institutional Trading of SelectQuote

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in SelectQuote in the third quarter valued at $27,000. CIBC Bancorp USA Inc. acquired a new stake in SelectQuote in the third quarter valued at $29,000. Aquatic Capital Management LLC acquired a new stake in SelectQuote during the third quarter worth approximately $29,000. Nations Financial Group Inc. IA ADV raised its holdings in SelectQuote by 44.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in SelectQuote by 90.7% during the second 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 in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.