SelectQuote, Inc. (NYSE:SLQT – Get Free Report) shares rose 4.6% on Wednesday . The company traded as high as $0.89 and last traded at $0.88. Approximately 1,116,564 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 2,276,299 shares. The stock had previously closed at $0.8411.
Analyst Ratings Changes
SLQT has been the subject of a number of analyst reports. Zacks Research raised SelectQuote from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.00.
Read Our Latest Report on SLQT
SelectQuote Price Performance
SelectQuote (NYSE:SLQT – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The firm had revenue of $430.93 million during the quarter, compared to analysts’ expectations of $438.93 million. SelectQuote had a return on equity of 20.49% and a net margin of 5.60%. Sell-side analysts forecast that SelectQuote, Inc. will post -0.03 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SelectQuote by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock worth $273,000 after acquiring an additional 4,947 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock valued at $38,000 after buying an additional 7,675 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SelectQuote by 9.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock valued at $218,000 after buying an additional 7,960 shares during the period. Creative Planning lifted its position in SelectQuote by 8.5% during the 2nd quarter. Creative Planning now owns 121,597 shares of the company’s stock worth $289,000 after acquiring an additional 9,504 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in SelectQuote by 61.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 31,500 shares of the company’s stock worth $44,000 after acquiring an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.
SelectQuote Company Profile
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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