SelectQuote (NYSE:SLQT) Director Buys $102,764.92 in Stock

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III purchased 223,402 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was bought at an average price of $0.46 per share, with a total value of $102,764.92. Following the completion of the transaction, the director directly owned 763,214 shares of the company’s stock, valued at approximately $351,078.44. This represents a 41.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

SelectQuote Stock Performance

NYSE SLQT opened at $0.49 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 7.48 and a current ratio of 7.48. The stock’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.74. The firm has a market capitalization of $87.57 million, a P/E ratio of 50.70 and a beta of 2.01. SelectQuote, Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $1.76.

SelectQuote (NYSE:SLQT) last issued its earnings results on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.12. The company had revenue of $280.01 million for the quarter, compared to the consensus estimate of $277.91 million. SelectQuote had a net margin of 4.61% and a return on equity of 22.48%. On average, research analysts anticipate that SelectQuote, Inc. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SLQT. Commonwealth Equity Services LLC increased its stake in SelectQuote by 541.1% in the third quarter. Commonwealth Equity Services LLC now owns 181,939 shares of the company’s stock valued at $74,000 after purchasing an additional 153,562 shares during the last quarter. SMH Capital Advisors Inc. acquired a new stake in SelectQuote during the 3rd quarter worth $47,000. Fragasso Financial Advisors Inc acquired a new position in SelectQuote in the third quarter valued at $61,000. Squarepoint Ops LLC acquired a new position in SelectQuote in the second quarter valued at $536,000. Finally, Hsbc Holdings PLC boosted its stake in SelectQuote by 850.0% in the second quarter. Hsbc Holdings PLC now owns 122,430 shares of the company’s stock valued at $102,000 after acquiring an additional 109,543 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SLQT shares. Wall Street Zen downgraded SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Finally, Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. 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 company’s stock. Based on data from MarketBeat.com, SelectQuote currently has a consensus rating of “Hold” and a consensus price target of $3.00.

SelectQuote Company Profile

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.