SelectQuote (NYSE:SLQT) Sets New 1-Year High – Still a Buy?

Shares of SelectQuote, Inc. (NYSE:SLQT) hit a new 52-week high on Monday . The stock traded as high as $4.55 and last traded at $4.40, with a volume of 828284 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SLQT. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum assumed coverage on shares of SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Price Performance

The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $710.03 million, a PE ratio of -14.79 and a beta of 1.14. The company’s 50 day moving average is $2.92 and its two-hundred day moving average is $2.96.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in SelectQuote by 36.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock valued at $932,000 after purchasing an additional 115,865 shares during the last quarter. Virtu Financial LLC purchased a new stake in SelectQuote in the third quarter valued at approximately $150,000. Barclays PLC lifted its stake in SelectQuote by 166.8% during the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after purchasing an additional 124,005 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of SelectQuote by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock worth $6,688,000 after buying an additional 43,197 shares during the period. Finally, State Street Corp grew its stake in shares of SelectQuote by 0.7% in the third quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after buying an additional 21,413 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.