SelectQuote (NYSE:SLQT) Stock: Insider William Thomas Grant III Acquires 79,600 Shares

SelectQuote, Inc. (NYSE:SLQT) COO William Grant, III purchased 79,600 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of $0.51 per share, for a total transaction of $40,596.00. Following the completion of the acquisition, the chief operating officer owned 3,468,094 shares of the company’s stock, valued at approximately $1,768,727.94. This trade represents a 2.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SelectQuote Price Performance

Shares of SelectQuote stock opened at $0.51 on Thursday. The company 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 quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 1.16. The stock’s 50-day simple moving average is $0.42 and its 200-day simple moving average is $0.74. SelectQuote, Inc. has a 52 week low of $0.30 and a 52 week high of $1.76.

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

SelectQuote News Summary

These are some of the SLQT news items that stood out recently:

• 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

Hedge Funds Weigh In On SelectQuote

Several institutional investors have recently bought and sold shares of SLQT. SMH Capital Advisors Inc. bought a new stake in shares of SelectQuote in the 3rd quarter worth about $47,000. EP Wealth Advisors LLC purchased a new stake in shares of SelectQuote during the 2nd quarter valued at about $51,000. Persistent Asset Partners Ltd purchased a new stake in shares of SelectQuote during the 2nd quarter valued at about $57,000. State of Wyoming lifted its holdings in shares of SelectQuote by 103.4% in the 1st quarter. State of Wyoming now owns 95,382 shares of the company’s stock valued at $60,000 after acquiring an additional 48,483 shares during the last quarter. Finally, Fragasso Financial Advisors Inc bought a new position in shares of SelectQuote in the 3rd quarter valued at about $61,000. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SLQT shares. Wall Street Zen cut shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.