SelectQuote, Inc. (NYSE:SLQT) Receives $3.88 Average Target Price from Brokerages

Shares of SelectQuote, Inc. (NYSE:SLQT) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.8750.

A number of research firms have recently commented on SLQT. Wall Street Zen downgraded SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price objective on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Thursday, November 20th. Finally, Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of SelectQuote during the 3rd quarter worth $27,000. CIBC Bancorp USA Inc. purchased a new stake in shares of SelectQuote during the third quarter valued at $29,000. Aquatic Capital Management LLC acquired a new position in shares of SelectQuote in the 3rd quarter valued at $29,000. Nations Financial Group Inc. IA ADV increased its stake in SelectQuote by 44.4% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in SelectQuote by 90.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after purchasing an additional 7,675 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $1.49 on Monday. The stock has a market cap of $261.32 million, a P/E ratio of 29.70 and a beta of 1.22. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.81. SelectQuote has a fifty-two week low of $1.33 and a fifty-two week high of $6.86. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $328.81 million for the quarter, compared to the consensus estimate of $323.68 million. SelectQuote had a net margin of 3.95% and a return on equity of 10.41%. Equities analysts expect that SelectQuote will post -0.07 EPS for the current year.

SelectQuote Company Profile

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.