SelectQuote (NYSE:SLQT) Posts Quarterly Earnings Results

SelectQuote (NYSE:SLQT) posted its quarterly earnings data on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03), Zacks reports. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%.

SelectQuote Stock Performance

Shares of NYSE:SLQT opened at $0.79 on Tuesday. The firm’s 50-day moving average is $0.78 and its 200 day moving average is $0.83. The company has a market capitalization of $139.32 million, a price-to-earnings ratio of 8.78 and a beta of 1.66. SelectQuote has a 12 month low of $0.56 and a 12 month high of $2.75. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 0.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SLQT shares. Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Noble Financial raised SelectQuote to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of SelectQuote from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Trading of SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SelectQuote by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after acquiring an additional 4,947 shares during the last quarter. 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 valued at $38,000 after buying an additional 7,675 shares during the period. Ameriprise Financial Inc. raised its stake in shares of SelectQuote by 9.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock worth $218,000 after buying an additional 7,960 shares in the last quarter. Creative Planning lifted its stake in shares of SelectQuote by 8.5% in the second quarter. Creative Planning now owns 121,597 shares of the company’s stock valued at $289,000 after purchasing an additional 9,504 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of SelectQuote in the third quarter valued at $27,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.