SelectQuote, Inc. (NYSE:SLQT) Short Interest Up 38.9% in February

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,180,000 shares, an increase of 38.9% from the February 13th total of 1,570,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

Several equities analysts have commented on SLQT shares. Royal Bank of Canada reissued a "sector perform" rating and set a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded shares of SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th.

Insider Buying and Selling

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the transaction, the insider now owns 1,166 shares of the company's stock, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.40% of the company's stock.

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Hedge Funds Weigh In On SelectQuote

Institutional investors have recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $46,000. Oppenheimer & Co. Inc. bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $47,000. Cibc World Markets Corp bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $47,000. Bayesian Capital Management LP bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $55,000. Finally, Mason Investment Advisory Services Inc. raised its position in shares of SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company's stock valued at $43,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 34.59% of the company's stock.

SelectQuote Stock Up 5.4 %

NYSE SLQT traded up $0.20 during trading on Thursday, reaching $3.81. The company's stock had a trading volume of 975,328 shares, compared to its average volume of 1,277,194. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $655.01 million, a PE ratio of -42.28 and a beta of 1.13. The business has a 50-day moving average price of $4.38 and a 200-day moving average price of $3.28. SelectQuote has a 1-year low of $1.48 and a 1-year high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, research analysts forecast that SelectQuote will post -0.07 earnings per share for the current fiscal year.

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.