SelectQuote (NYSE:SLQT) Stock: Insider Timothy Robert Danker Purchases 100,668 Shares

SelectQuote, Inc. (NYSE:SLQT) CEO Timothy Danker acquired 100,668 shares of SelectQuote stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $0.50 per share, for a total transaction of $50,334.00. Following the completion of the purchase, the chief executive officer directly owned 3,076,073 shares of the company’s stock, valued at approximately $1,538,036.50. The trade was a 3.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SelectQuote Stock Up 2.6%

SLQT stock traded up $0.01 on Tuesday, reaching $0.46. 547,605 shares of the company traded hands, compared to its average volume of 1,550,047. The firm has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 7.48 and a quick ratio of 6.57. The company has a market cap of $82.28 million, a P/E ratio of -15.30 and a beta of 2.01. SelectQuote, Inc. has a one year low of $0.30 and a one year high of $1.76.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, beating 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 company had revenue of $280.01 million during the quarter, compared to analysts’ expectations of $277.91 million. Research analysts anticipate that SelectQuote, Inc. will post -0.25 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on SLQT. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Wall Street Zen cut SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of SelectQuote

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of SelectQuote during the second quarter valued at $1,836,000. GSA Capital Partners LLP acquired a new position in SelectQuote during the 2nd quarter valued at about $1,123,000. Renaissance Technologies LLC increased its stake in SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after buying an additional 909,939 shares during the period. Squarepoint Ops LLC bought a new stake in SelectQuote during the second quarter worth approximately $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in SelectQuote in the second quarter worth approximately $461,000. Institutional investors own 34.59% of the company’s stock.

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.