SelectQuote (NYSE:SLQT) Trading 1.1% Higher – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT) was up 1.1% on Monday . The stock traded as high as $0.81 and last traded at $0.7550. 458,770 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 965,278 shares. The stock had previously closed at $0.7470.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SLQT shares. Zacks Research cut SelectQuote from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, SelectQuote currently has an average rating of “Hold” and a consensus target price of $3.00.

SelectQuote Trading Up 1.1%

The company has a market cap of $133.14 million, a price-to-earnings ratio of 8.39 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 5.63 and a quick ratio of 5.63. The business’s 50-day simple moving average is $0.84 and its 200-day simple moving average is $0.92.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.15 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 analyst estimates of $438.93 million. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%. Research analysts predict that SelectQuote, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently bought and sold shares of SLQT. Dynamic Technology Lab Private Ltd acquired a new stake in SelectQuote during the 3rd quarter valued at $27,000. CIBC Bancorp USA Inc. purchased a new position in SelectQuote during the third quarter worth $29,000. Aquatic Capital Management LLC acquired a new position in shares of SelectQuote in the third quarter worth $29,000. Russell Investments Group Ltd. raised its holdings 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 worth $38,000 after acquiring an additional 7,675 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of SelectQuote in the third quarter valued at $43,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.