SelectQuote (NYSE:SLQT) Sets New 52-Week High – Here’s Why

SelectQuote, Inc. (NYSE:SLQT)’s share price hit a new 52-week high on Tuesday . The company traded as high as $4.62 and last traded at $4.55, with a volume of 902835 shares traded. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

SLQT has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum initiated coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock.

SelectQuote Trading Down 0.3 %

The firm has a market cap of $765.79 million, a price-to-earnings ratio of -15.95 and a beta of 1.14. The company’s 50-day moving average price is $3.33 and its 200-day moving average price is $3.05. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The firm had revenue of $292.26 million during the quarter, compared to analyst estimates of $275.15 million. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. Equities analysts expect that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Trading of SelectQuote

Several large investors have recently bought and sold shares of SLQT. Geode Capital Management LLC grew its holdings in shares of SelectQuote by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock valued at $6,688,000 after purchasing an additional 43,197 shares during the period. State Street Corp grew its stake in shares of SelectQuote by 0.7% in the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after buying an additional 21,413 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of SelectQuote by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company’s stock worth $2,564,000 after buying an additional 53,159 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of SelectQuote by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock valued at $2,007,000 after buying an additional 44,397 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SelectQuote by 17.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock valued at $1,353,000 after acquiring an additional 91,071 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.