SelectQuote (NYSE:SLQT) Shares Up 6% – Here’s What Happened

SelectQuote, Inc. (NYSE:SLQT)’s stock price shot up 6% on Thursday . The stock traded as high as $4.11 and last traded at $4.09. 309,010 shares traded hands during trading, a decline of 74% from the average session volume of 1,197,059 shares. The stock had previously closed at $3.86.

Analyst Ratings Changes

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

SelectQuote Stock Performance

The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The stock has a market capitalization of $714.34 million, a PE ratio of -14.88 and a beta of 1.14. The firm has a fifty day moving average price of $3.11 and a two-hundred day moving average price of $3.00.

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

Institutional Investors Weigh In On SelectQuote

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of SelectQuote by 166.8% during the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock valued at $430,000 after acquiring an additional 124,005 shares in the last quarter. KCM Investment Advisors LLC purchased a new position in SelectQuote during the 3rd quarter worth $608,000. State Street Corp raised its position in SelectQuote by 0.7% during the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after purchasing an additional 21,413 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of SelectQuote by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock worth $6,688,000 after buying an additional 43,197 shares during the period. Finally, Creative Planning grew its position in shares of SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after buying an additional 6,150 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.