SelectQuote (NYSE:SLQT) Trading Up 4.3% – What’s Next?

Shares of SelectQuote, Inc. (NYSE:SLQT) were up 4.3% on Tuesday . The company traded as high as $3.44 and last traded at $3.48. Approximately 193,800 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,288,365 shares. The stock had previously closed at $3.34.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

SelectQuote Price Performance

The company has a 50 day moving average of $4.29 and a 200 day moving average of $3.29. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The stock has a market capitalization of $602.50 million, a price-to-earnings ratio of -38.89 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, equities research analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current year.

Insider Transactions at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the sale, the insider now owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.40% of the company’s stock.

Institutional Trading of SelectQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. Squarepoint Ops LLC acquired a new position in shares of SelectQuote in the 4th quarter valued at $356,000. Two Sigma Advisers LP purchased a new stake in shares of SelectQuote in the 4th quarter valued at about $357,000. Two Sigma Investments LP boosted its position in shares of SelectQuote by 313.7% in the 4th quarter. Two Sigma Investments LP now owns 240,497 shares of the company’s stock valued at $895,000 after purchasing an additional 182,367 shares during the period. Sona Asset Management US LLC purchased a new position in SelectQuote during the 4th quarter worth approximately $2,847,000. Finally, ProShare Advisors LLC increased its position in SelectQuote by 51.2% during the fourth quarter. ProShare Advisors LLC now owns 38,248 shares of the company’s stock worth $142,000 after buying an additional 12,955 shares during the period. 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.