SelectQuote (NYSE:SLQT) Trading 4.8% Higher - What's Next?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report)'s share price shot up 4.8% on Wednesday . The company traded as high as $3.53 and last traded at $3.51. 194,542 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,003,106 shares. The stock had previously closed at $3.35.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Price Performance

The business's 50 day moving average is $2.47 and its two-hundred day moving average is $2.89. The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market capitalization of $535.10 million, a PE ratio of -11.14 and a beta of 1.22.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The company had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same quarter in the prior year, the business earned ($0.19) EPS. Equities research analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SLQT. Virtu Financial LLC purchased a new position in SelectQuote in the third quarter worth $150,000. Barclays PLC lifted its stake in SelectQuote by 166.8% during the third 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 lifted its stake in SelectQuote by 1.4% during the third 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 during the last quarter. State Street Corp boosted its holdings in shares of SelectQuote by 0.7% in the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company's stock worth $6,280,000 after purchasing an additional 21,413 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of SelectQuote by 35.2% during the 3rd quarter. IHT Wealth Management LLC now owns 94,605 shares of the company's stock valued at $205,000 after purchasing an additional 24,605 shares during the last quarter. Hedge funds and other institutional investors 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.