SelectQuote, Inc. (NYSE:SLQT) Receives $2.92 Average PT from Brokerages

SelectQuote, Inc. (NYSE:SLQTGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $2.9167.

Several equities research analysts recently issued reports on SLQT shares. Royal Bank Of Canada dropped their target price on shares of SelectQuote from $5.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Craig Hallum set a $3.00 price target on SelectQuote in a report on Friday, February 6th. Zacks Research raised SelectQuote from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised SelectQuote from a “sell” rating to a “hold” rating in a report on Saturday, February 7th.

Check Out Our Latest Research Report on SLQT

Hedge Funds Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently modified their holdings of SLQT. Dynamic Technology Lab Private Ltd bought a new position in shares of SelectQuote during the 3rd quarter valued at $27,000. CIBC Bancorp USA Inc. bought a new position in shares of SelectQuote during the 3rd quarter valued at $29,000. Aquatic Capital Management LLC bought a new position in SelectQuote in the third quarter worth approximately $29,000. Nations Financial Group Inc. IA ADV raised its position in SelectQuote by 44.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock worth $38,000 after acquiring an additional 6,000 shares during the period. Finally, Russell Investments Group Ltd. raised its position in SelectQuote by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after acquiring an additional 7,675 shares during the period. 34.59% of the stock is owned by institutional investors.

SelectQuote Trading Up 10.0%

Shares of NYSE SLQT opened at $1.11 on Thursday. The firm’s 50 day moving average price is $0.77 and its 200-day moving average price is $1.19. The company has a market cap of $195.92 million, a PE ratio of 12.34 and a beta of 1.62. 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 quick ratio of 5.63 and a current ratio of 5.63.

SelectQuote (NYSE:SLQTGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.17. The firm had revenue of $430.93 million for the quarter, compared to the consensus estimate of $438.93 million. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%. On average, equities research analysts expect that SelectQuote will post -0.03 EPS for the current fiscal year.

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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Analyst Recommendations for SelectQuote (NYSE:SLQT)

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