SelectQuote (NYSE:SLQT) Stock Price Up 4.3% - Time to Buy?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) shot up 4.3% on Tuesday . The company traded as high as $3.44 and last traded at $3.48. 193,800 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,288,365 shares. The stock had previously closed at $3.34.

Analysts Set New Price Targets

Separately, Noble Financial raised SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th.

SelectQuote Price Performance

The firm has a market cap of $548.28 million, a price-to-earnings ratio of -35.39 and a beta of 1.25. 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 business's 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $3.31.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, topping 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%. As a group, research analysts expect that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the business's stock in a transaction on 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 in the company, valued at $6,343.04. The trade was a 97.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On SelectQuote

Institutional investors have recently made changes to their positions in the stock. Sona Asset Management US LLC bought a new stake in SelectQuote in the 4th quarter valued at about $2,847,000. Portolan Capital Management LLC bought a new stake in shares of SelectQuote during the fourth quarter valued at approximately $1,873,000. Marshall Wace LLP raised its position in shares of SelectQuote by 48.1% during the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company's stock worth $3,914,000 after purchasing an additional 341,981 shares during the period. AXA S.A. acquired a new position in shares of SelectQuote during the fourth quarter worth approximately $1,223,000. Finally, JPMorgan Chase & Co. grew its position in SelectQuote by 66.8% in the 4th quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company's stock valued at $2,666,000 after purchasing an additional 287,128 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.