SelectQuote, Inc. (NYSE:SLQT) Receives $4.38 Consensus PT from Brokerages

Shares of SelectQuote, Inc. (NYSE:SLQT) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.3750.

A number of analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of SelectQuote from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Zacks Research lowered SelectQuote from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SelectQuote in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On SelectQuote

Several large investors have recently modified their holdings of SLQT. SG Americas Securities LLC raised its position in shares of SelectQuote by 6.8% in the 1st quarter. SG Americas Securities LLC now owns 97,728 shares of the company’s stock worth $326,000 after purchasing an additional 6,220 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of SelectQuote in the 1st quarter worth about $35,000. Oppenheimer & Co. Inc. raised its position in shares of SelectQuote by 317.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 52,344 shares of the company’s stock worth $175,000 after purchasing an additional 39,818 shares during the last quarter. Kavar Capital Partners Group LLC raised its position in SelectQuote by 19.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 377,624 shares of the company’s stock worth $1,261,000 after buying an additional 61,988 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in SelectQuote in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

SelectQuote Stock Performance

Shares of SLQT stock opened at $1.96 on Friday. SelectQuote has a 12 month low of $1.62 and a 12 month high of $6.86. The stock has a market cap of $343.85 million, a PE ratio of 39.10 and a beta of 1.30. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $2.08 and its 200-day moving average price is $2.31.

SelectQuote (NYSE:SLQT) last announced its earnings results on Thursday, August 21st. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. SelectQuote had a net margin of 3.12% and a return on equity of 6.35%. The firm had revenue of $345.10 million for the quarter, compared to analysts’ expectations of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. On average, equities analysts expect that SelectQuote will post -0.07 EPS for the current fiscal year.

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.