SelectQuote (NYSE:SLQT) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of SelectQuote (NYSE:SLQT) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other research firms also recently issued reports on SLQT. Weiss Ratings downgraded shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Zacks Research downgraded shares of SelectQuote from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SelectQuote has a consensus rating of “Hold” and an average target price of $3.00.

SelectQuote Stock Down 3.1%

SLQT stock opened at $0.52 on Friday. The firm has a market capitalization of $92.42 million, a PE ratio of -6.54 and a beta of 1.66. The company has a quick ratio of 5.63, a current ratio of 6.57 and a debt-to-equity ratio of 0.99. SelectQuote has a twelve month low of $0.48 and a twelve month high of $2.35. The stock’s 50 day moving average is $0.75 and its 200-day moving average is $0.82.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Tuesday, August 25th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The company had revenue of $321.65 million for the quarter, compared to the consensus estimate of $353.44 million. SelectQuote had a return on equity of 19.70% and a net margin of 3.84%. Sell-side analysts expect that SelectQuote will post -0.2 EPS for the current fiscal year.

Institutional Trading of SelectQuote

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of SelectQuote by 817.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after buying an additional 909,939 shares during the last quarter. GSA Capital Partners LLP bought a new position in SelectQuote during the second quarter valued at about $1,123,000. Ieq Capital LLC purchased a new stake in SelectQuote during the second quarter worth about $182,000. Persistent Asset Partners Ltd purchased a new stake in SelectQuote during the second quarter worth about $57,000. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in SelectQuote in the second quarter worth about $271,000. 34.59% of the stock is currently owned by institutional investors.

SelectQuote Company Profile

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.