SelectQuote (NYSE:SLQT) Trading 8.2% Higher – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT)’s share price rose 8.2% during trading on Tuesday . The stock traded as high as $4.36 and last traded at $4.44. Approximately 224,437 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,094,471 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Trading Up 3.8 %

The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market capitalization of $778.31 million, a price-to-earnings ratio of -16.23 and a beta of 1.15. The company has a 50 day moving average price of $3.67 and a two-hundred day moving average price of $3.11.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The firm had revenue of $292.26 million during the quarter, compared to analyst estimates of $275.15 million. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, research analysts forecast that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Trading of SelectQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Investment Advisory Services Inc. grew its holdings in shares of SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after purchasing an additional 5,000 shares during the period. Rhumbline Advisers boosted its holdings in SelectQuote by 2.6% during the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after acquiring an additional 5,235 shares during the period. Creative Planning boosted its holdings in SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock valued at $217,000 after acquiring an additional 6,150 shares during the period. SG Americas Securities LLC boosted its holdings in SelectQuote by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock valued at $340,000 after acquiring an additional 8,660 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in SelectQuote during the 4th quarter valued at about $47,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.