Royal Bank Of Canada Has Lowered Expectations for SelectQuote (NYSE:SLQT) Stock Price

SelectQuote (NYSE:SLQT) had its price objective reduced by equities researchers at Royal Bank Of Canada from $6.00 to $5.00 in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 250.88% from the stock’s previous close.

SLQT has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SelectQuote in a research note on Thursday, November 13th. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SelectQuote has an average rating of “Hold” and an average price target of $3.88.

SelectQuote Trading Up 2.5%

Shares of NYSE SLQT traded up $0.04 during mid-day trading on Thursday, hitting $1.43. 189,605 shares of the company traded hands, compared to its average volume of 1,545,409. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote has a 1 year low of $1.37 and a 1 year high of $6.86. The stock has a market capitalization of $250.76 million, a price-to-earnings ratio of 28.50 and a beta of 1.26. The business has a 50 day moving average of $1.93 and a two-hundred day moving average of $2.11.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%.The firm had revenue of $328.81 million for the quarter, compared to analysts’ expectations of $323.68 million. SelectQuote has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in SelectQuote in the 1st quarter worth approximately $34,000. Kapitalo Investimentos Ltda acquired a new position in SelectQuote during the first quarter valued at approximately $35,000. Nations Financial Group Inc. IA ADV bought a new position in shares of SelectQuote in the first quarter valued at approximately $40,000. Headlands Technologies LLC lifted its stake in shares of SelectQuote by 86.7% in the first quarter. Headlands Technologies LLC now owns 12,398 shares of the company’s stock worth $41,000 after buying an additional 5,756 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of SelectQuote during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.