Wall Street Zen Upgrades SelectQuote (NYSE:SLQT) to “Hold”

SelectQuote (NYSE:SLQT) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts also recently commented on the stock. Royal Bank Of Canada cut their target price on shares of SelectQuote from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of SelectQuote in a report on Monday, December 29th. Finally, Craig Hallum set a $3.00 target price on SelectQuote in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.58.

SelectQuote Trading Up 5.8%

Shares of NYSE SLQT opened at $1.09 on Friday. SelectQuote has a twelve month low of $0.96 and a twelve month high of $6.86. The firm has a market cap of $191.81 million, a PE ratio of 109.11 and a beta of 1.23. The business has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.76. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 1.07.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $537.10 million for the quarter, compared to the consensus estimate of $530.73 million. SelectQuote had a return on equity of 14.85% and a net margin of 4.80%. Analysts expect that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in SelectQuote by 61.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 31,500 shares of the company’s stock valued at $44,000 after acquiring an additional 12,000 shares in the last quarter. SG Americas Securities LLC increased its position in shares of SelectQuote by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 347,582 shares of the company’s stock worth $490,000 after purchasing an additional 27,818 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of SelectQuote by 9.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,034,644 shares of the company’s stock valued at $2,028,000 after purchasing an additional 85,606 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of SelectQuote in the 3rd quarter worth $29,000. Finally, Captrust Financial Advisors boosted its position in shares of SelectQuote by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 1,526,585 shares of the company’s stock worth $2,992,000 after purchasing an additional 70,043 shares in the last quarter. 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.