SelectQuote (NYSE:SLQT) Rating Increased to Strong-Buy at Noble Financial

Noble Financial upgraded shares of SelectQuote (NYSE:SLQT) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

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

SelectQuote Trading Down 1.9 %

SLQT stock opened at $5.62 on Wednesday. SelectQuote has a 12-month low of $1.41 and a 12-month high of $6.86. The business’s 50-day moving average is $3.87 and its 200 day moving average is $3.14. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The stock has a market cap of $963.89 million, a price-to-earnings ratio of -20.07 and a beta of 1.15.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. On average, sell-side analysts anticipate that SelectQuote will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mason Investment Advisory Services Inc. raised its stake in SelectQuote by 33.3% during the third 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 increased its holdings in shares of SelectQuote by 2.6% during the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock worth $780,000 after buying an additional 5,235 shares during the last quarter. Creative Planning raised its position in shares of 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 buying an additional 6,150 shares during the period. SG Americas Securities LLC lifted its holdings in SelectQuote by 10.5% in the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in SelectQuote by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock worth $4,433,000 after acquiring an additional 10,038 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.