Short Interest in SelectQuote, Inc. (NYSE:SLQT) Drops By 69.7%

SelectQuote, Inc. (NYSE:SLQTGet Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,330,729 shares, a decline of 69.7% from the June 15th total of 4,394,898 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 3,293,561 shares, the short-interest ratio is currently 0.4 days.

SelectQuote Trading Up 0.2%

SLQT stock traded up $0.00 during trading on Friday, reaching $0.77. 690,972 shares of the stock traded hands, compared to its average volume of 2,128,296. The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $0.99. SelectQuote has a 52-week low of $0.56 and a 52-week high of $2.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 5.63 and a quick ratio of 5.63. The firm has a market capitalization of $136.32 million, a PE ratio of 8.59 and a beta of 1.64.

SelectQuote (NYSE:SLQTGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.17. SelectQuote had a return on equity of 20.49% and a net margin of 5.60%.The business had revenue of $430.93 million for the quarter, compared to analyst estimates of $438.93 million. As a group, sell-side analysts forecast that SelectQuote will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

SLQT has been the topic of a number of analyst reports. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research lowered SelectQuote from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SelectQuote currently has a consensus rating of “Hold” and an average target price of $3.00.

View Our Latest Stock Report on SelectQuote

Institutional Investors Weigh In On SelectQuote

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in SelectQuote by 817.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after purchasing an additional 909,939 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of SelectQuote by 10.4% during the first quarter. Empowered Funds LLC now owns 491,568 shares of the company’s stock worth $309,000 after purchasing an additional 46,258 shares in the last quarter. State of Wyoming lifted its stake in shares of SelectQuote by 103.4% during the first quarter. State of Wyoming now owns 95,382 shares of the company’s stock worth $60,000 after purchasing an additional 48,483 shares in the last quarter. GatePass Capital LLC boosted its position in shares of SelectQuote by 150.6% in the first quarter. GatePass Capital LLC now owns 526,700 shares of the company’s stock worth $332,000 after buying an additional 316,500 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of SelectQuote by 1,166.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 51,599 shares of the company’s stock worth $73,000 after buying an additional 47,524 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Company Profile

(Get Free Report)

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.

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