SelectQuote (NYSE:SLQT) Trading Down 9% – Should You Sell?

SelectQuote, Inc. (NYSE:SLQT) was down 9% during mid-day trading on Tuesday . The stock traded as low as $3.88 and last traded at $3.89. Approximately 616,385 shares traded hands during trading, a decline of 50% from the average daily volume of 1,241,200 shares. The stock had previously closed at $4.27.

Analyst Ratings Changes

A number of research firms have weighed in on SLQT. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Price Performance

The stock has a market cap of $687.72 million, a PE ratio of -44.39 and a beta of 1.15. The stock’s fifty day moving average is $4.43 and its 200-day moving average is $3.29. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

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

Insider Buying and Selling

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the transaction, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. This represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently made changes to their positions in SLQT. Bank of Montreal Can boosted its position in shares of SelectQuote by 1.3% during the 4th quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock worth $754,000 after purchasing an additional 2,674 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in SelectQuote by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock worth $286,000 after purchasing an additional 3,352 shares in the last quarter. Invesco Ltd. boosted its position in shares of SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after buying an additional 3,776 shares during the period. Mason Investment Advisory Services Inc. grew its stake in shares of SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after buying an additional 5,235 shares in the last quarter. 34.59% of the stock is 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.