SelectQuote (NYSE:SLQT) Given "Sector Perform" Rating at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of SelectQuote (NYSE:SLQT - Free Report) in a research note released on Tuesday morning, Benzinga reports. They currently have a $4.00 target price on the stock.

Separately, Craig Hallum initiated coverage on SelectQuote in a research note on Monday, September 30th. They issued a "buy" rating and a $4.50 price objective on the stock.

SelectQuote Stock Performance

SLQT traded down $0.02 on Tuesday, hitting $2.01. 790,535 shares of the stock traded hands, compared to its average volume of 1,015,870. SelectQuote has a 52 week low of $1.03 and a 52 week high of $4.46. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $344.64 million, a PE ratio of -9.57 and a beta of 1.05. The business has a fifty day moving average price of $2.61 and a two-hundred day moving average price of $2.81.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly earnings results on Friday, September 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. SelectQuote had a negative net margin of 2.58% and a negative return on equity of 10.37%. The firm had revenue of $307.21 million for the quarter. On average, research analysts predict that SelectQuote will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. lifted its holdings in SelectQuote by 229.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company's stock worth $2,323,000 after buying an additional 808,850 shares in the last quarter. Bank of Montreal Can acquired a new position in SelectQuote during the 2nd quarter worth $545,000. Panagora Asset Management Inc. lifted its holdings in SelectQuote by 85.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company's stock worth $1,132,000 after buying an additional 189,029 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in SelectQuote by 158.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company's stock worth $768,000 after buying an additional 170,726 shares in the last quarter. Finally, Iridian Asset Management LLC CT acquired a new position in SelectQuote during the 3rd quarter worth $222,000. 34.59% of the stock is owned by institutional investors and hedge funds.

About SelectQuote

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.