SelectQuote (NYSE:SLQT) Trading 4.8% Higher

SelectQuote, Inc. (NYSE:SLQT)’s share price traded up 4.8% on Wednesday . The stock traded as high as $3.30 and last traded at $3.25. 327,532 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 762,230 shares. The stock had previously closed at $3.10.

SelectQuote Trading Up 7.4 %

The stock has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.00. The company has a market cap of $563.30 million, a P/E ratio of -10.34 and a beta of 1.09. The company has a debt-to-equity ratio of 1.87, a quick ratio of 6.34 and a current ratio of 6.34.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $376.40 million during the quarter, compared to the consensus estimate of $341.80 million. SelectQuote had a negative return on equity of 12.03% and a negative net margin of 4.12%. During the same period last year, the company earned $0.06 earnings per share. On average, equities research analysts predict that SelectQuote, Inc. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On SelectQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. TriaGen Wealth Management LLC lifted its position in SelectQuote by 97.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 40,500 shares of the company’s stock valued at $55,000 after purchasing an additional 20,000 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of SelectQuote by 34.1% in the fourth quarter. CreativeOne Wealth LLC now owns 102,158 shares of the company’s stock worth $140,000 after buying an additional 26,000 shares during the period. Blue Zone Wealth Advisors LLC purchased a new position in shares of SelectQuote during the 1st quarter valued at about $92,000. Headlands Technologies LLC bought a new position in shares of SelectQuote during the 1st quarter valued at approximately $36,000. Finally, Quadrature Capital Ltd purchased a new stake in SelectQuote in the 1st quarter worth approximately $40,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.