SelectQuote (NYSE:SLQT) Raised to Strong-Buy at Zacks Research

SelectQuote (NYSE:SLQT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Wall Street Zen upgraded SelectQuote from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday. Royal Bank Of Canada cut their price target on SelectQuote from $5.00 to $3.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 11th. Finally, Craig Hallum set a $3.00 price target on SelectQuote in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2.92.

SelectQuote Trading Down 0.4%

Shares of SelectQuote stock opened at $1.14 on Thursday. SelectQuote has a 1 year low of $0.56 and a 1 year high of $2.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 5.65 and a current ratio of 5.63. The company has a market capitalization of $200.16 million, a P/E ratio of 12.61 and a beta of 1.62. The company’s fifty day moving average is $0.76 and its two-hundred day moving average is $1.22.

SelectQuote (NYSE:SLQT) last announced its earnings results on Tuesday, May 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.17. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%. The business had revenue of $430.93 million during the quarter, compared to analysts’ expectations of $438.93 million. Analysts forecast that SelectQuote will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On SelectQuote

Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in SelectQuote during the 3rd quarter worth approximately $27,000. CIBC Bancorp USA Inc. acquired a new stake in shares of SelectQuote in the 3rd quarter valued at approximately $29,000. Aquatic Capital Management LLC purchased a new stake in shares of SelectQuote in the third quarter valued at approximately $29,000. Nations Financial Group Inc. IA ADV grew its holdings in SelectQuote by 44.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after acquiring an additional 6,000 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in SelectQuote by 90.7% during the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after acquiring an additional 7,675 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

About SelectQuote

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.