SelectQuote (NYSE:SLQT) Stock: Insider Donald Hawks III Acquires 26,598 Shares

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III purchased 26,598 shares of SelectQuote stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $0.44 per share, with a total value of $11,703.12. Following the completion of the transaction, the director owned 539,812 shares in the company, valued at approximately $237,517.28. This trade represents a 5.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $0.51 on Thursday. The business’s 50 day simple moving average is $0.42 and its 200-day simple moving average is $0.74. The firm has a market capitalization of $91.69 million, a price-to-earnings ratio of -17.03 and a beta of 2.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 7.48 and a quick ratio of 7.48. SelectQuote, Inc. has a 12 month low of $0.30 and a 12 month high of $1.76.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.12. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. The business had revenue of $280.01 million for the quarter, compared to analysts’ expectations of $277.91 million. As a group, equities analysts forecast that SelectQuote, Inc. will post -0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SLQT has been the topic of several research reports. Weiss Ratings lowered SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Trading of SelectQuote

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in SelectQuote in the 2nd quarter valued at about $1,836,000. GSA Capital Partners LLP acquired a new stake in shares of SelectQuote during the 2nd quarter worth about $1,123,000. Renaissance Technologies LLC boosted its stake in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after purchasing an additional 909,939 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of SelectQuote during the 2nd quarter worth about $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SelectQuote during the second quarter worth about $461,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Key Stories Impacting SelectQuote

Here are a few of the latest stories about SLQT:

• Positive Sentiment: Executives and directors reported buying a combined 919,905 shares for about $447,000 on November 6 and 9. Buyers included CEO Timothy Danker, President Robert Grant, COO William Grant, and directors Raymond Weldon and Donald Hawks; Weldon’s 409,836-share purchase was the largest. Insider buying report
• Neutral Sentiment: Recent quarterly results beat estimates: SelectQuote reported a loss of $0.21 per share versus a forecasted loss of $0.33, while revenue of $280.01 million modestly exceeded expectations. The company nevertheless remains loss-making, and analyst ratings cited in the report were mixed, with a consensus of Hold. Company and analyst information

About SelectQuote

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.