SelectQuote (NYSE:SLQT) Rating Lowered to “Sell” at Wall Street Zen

SelectQuote (NYSE:SLQT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of SelectQuote from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of SelectQuote in a research note on Thursday. Finally, Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.38.

SelectQuote Stock Performance

NYSE SLQT opened at $1.48 on Friday. The business’s 50-day moving average price is $1.96 and its 200 day moving average price is $2.13. The company has a current ratio of 5.42, a quick ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote has a twelve month low of $1.47 and a twelve month high of $6.86. The company has a market capitalization of $259.56 million, a PE ratio of 29.50 and a beta of 1.26.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.01. The company had revenue of $328.81 million during the quarter, compared to analysts’ expectations of $323.68 million. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%. SelectQuote has set its FY 2026 guidance at EPS. On average, research analysts predict that SelectQuote will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently made changes to their positions in SLQT. TriaGen Wealth Management LLC boosted its position in SelectQuote by 2,873.2% during the 2nd quarter. TriaGen Wealth Management LLC now owns 1,055,500 shares of the company’s stock worth $2,512,000 after purchasing an additional 1,020,000 shares during the period. American Century Companies Inc. raised its position in SelectQuote by 224.2% in the first quarter. American Century Companies Inc. now owns 1,011,457 shares of the company’s stock valued at $3,378,000 after purchasing an additional 699,457 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of SelectQuote by 494.7% during the second quarter. Los Angeles Capital Management LLC now owns 563,432 shares of the company’s stock worth $1,341,000 after purchasing an additional 468,692 shares in the last quarter. Swiss National Bank purchased a new stake in shares of SelectQuote in the first quarter worth about $888,000. Finally, Nuveen LLC purchased a new stake in shares of SelectQuote in the first quarter worth about $1,238,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.