SelectQuote (NYSE:SLQT – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.
A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.00.
Get Our Latest Analysis on SLQT
SelectQuote Trading Up 8.5%
Shares of SelectQuote stock opened at $0.35 on Monday. SelectQuote has a 1 year low of $0.30 and a 1 year high of $2.22. The firm’s 50-day moving average is $0.47 and its two-hundred day moving average is $0.80.
SelectQuote (NYSE:SLQT – Get Free Report) last posted its earnings results on Tuesday, August 25th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). The business had revenue of $321.65 million for the quarter, compared to analyst estimates of $353.44 million. Equities analysts expect that SelectQuote will post -0.20 EPS for the current fiscal year.
Hedge Funds Weigh In On SelectQuote
Several institutional investors and hedge funds have recently added to or reduced their stakes in SLQT. Fragasso Financial Advisors Inc purchased a new position in shares of SelectQuote in the 3rd quarter worth approximately $61,000. Squarepoint Ops LLC bought a new position in shares of SelectQuote during the 2nd quarter worth approximately $536,000. Hsbc Holdings PLC lifted its position in SelectQuote by 850.0% during the second quarter. Hsbc Holdings PLC now owns 122,430 shares of the company’s stock valued at $102,000 after acquiring an additional 109,543 shares during the last quarter. Empowered Funds LLC purchased a new stake in SelectQuote during the second quarter valued at approximately $245,000. Finally, Corient Private Wealth LP purchased a new stake in SelectQuote during the second quarter valued at approximately $71,000. Hedge funds and other 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.
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