SelectQuote (NYSE:SLQT) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of SelectQuote (NYSE:SLQT) from a hold rating to a buy rating in a report released on Saturday morning.

Separately, Jefferies Financial Group assumed coverage on SelectQuote in a report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 target price for the company. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.75.

SelectQuote Trading Up 5.8%

Shares of NYSE SLQT opened at $2.29 on Friday. SelectQuote has a twelve month low of $1.62 and a twelve month high of $6.86. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The stock has a fifty day simple moving average of $2.62 and a 200-day simple moving average of $3.47. The stock has a market capitalization of $394.67 million, a PE ratio of -25.39 and a beta of 1.11.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $408.16 million during the quarter, compared to analysts’ expectations of $412.83 million. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, equities analysts forecast that SelectQuote will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. acquired a new stake in SelectQuote in the first quarter valued at $34,000. Virtu Financial LLC acquired a new stake in SelectQuote in the first quarter valued at $34,000. Johnson Investment Counsel Inc. acquired a new stake in SelectQuote in the first quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new stake in SelectQuote in the first quarter valued at $35,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in SelectQuote in the first quarter valued at $40,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Company Profile

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.