SelectQuote (NYSE:SLQT) Trading Down 6.5%

SelectQuote, Inc. (NYSE:SLQT) shares traded down 6.5% during mid-day trading on Wednesday . The company traded as low as $4.03 and last traded at $4.04. 249,423 shares were traded during trading, a decline of 69% from the average session volume of 806,763 shares. The stock had previously closed at $4.32.

SelectQuote Trading Up 4.7 %

The company has a debt-to-equity ratio of 1.87, a quick ratio of 6.34 and a current ratio of 6.34. The stock’s fifty day simple moving average is $3.12 and its 200-day simple moving average is $2.19.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $376.40 million for the quarter, compared to the consensus estimate of $341.80 million. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. During the same period in the previous year, the firm earned $0.06 EPS. On average, analysts expect that SelectQuote, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of SelectQuote during the 1st quarter worth $36,000. Blue Zone Wealth Advisors LLC bought a new stake in shares of SelectQuote during the 1st quarter worth $92,000. CreativeOne Wealth LLC raised its stake in shares of SelectQuote by 34.1% during the 4th quarter. CreativeOne Wealth LLC now owns 102,158 shares of the company’s stock worth $140,000 after purchasing an additional 26,000 shares during the period. TriaGen Wealth Management LLC raised its stake in shares of SelectQuote by 97.6% during the 4th quarter. TriaGen Wealth Management LLC now owns 40,500 shares of the company’s stock worth $55,000 after purchasing an additional 20,000 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in SelectQuote by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after acquiring an additional 58,481 shares during the period. 34.59% of the stock is currently owned by 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.