SelectQuote (NYSE:SLQT) Hits New 52-Week High - Time to Buy?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $4.55 and last traded at $4.40, with a volume of 828284 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

SLQT has been the subject of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum initiated coverage on SelectQuote in a research note on Monday, September 30th. They issued a "buy" rating and a $4.50 target price on the stock.

SelectQuote Price Performance

The company has a market cap of $704.89 million, a PE ratio of -14.68 and a beta of 1.14. The business has a 50 day moving average of $2.88 and a 200 day moving average of $2.95. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same period in the previous year, the firm posted ($0.19) EPS. As a group, research analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in SelectQuote by 36.9% during the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock valued at $932,000 after buying an additional 115,865 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of SelectQuote in the 3rd quarter worth about $150,000. Barclays PLC raised its position in shares of SelectQuote by 166.8% in the 3rd quarter. Barclays PLC now owns 198,357 shares of the company's stock worth $430,000 after purchasing an additional 124,005 shares during the last quarter. Geode Capital Management LLC boosted its stake in SelectQuote by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock worth $6,688,000 after purchasing an additional 43,197 shares in the last quarter. Finally, State Street Corp grew its position in SelectQuote by 0.7% during the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company's stock valued at $6,280,000 after purchasing an additional 21,413 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

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.