SelectQuote (NYSE:SLQT) Shares Up 6% - Still a Buy?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) rose 6% during trading on Thursday . The stock traded as high as $4.11 and last traded at $4.09. Approximately 309,010 shares traded hands during trading, a decline of 74% from the average daily volume of 1,197,059 shares. The stock had previously closed at $3.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They issued a "buy" rating and a $4.50 price objective on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Performance

The firm has a 50 day moving average of $3.18 and a two-hundred day moving average of $3.02. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The stock has a market cap of $728.04 million, a PE ratio of -15.16 and a beta of 1.14.

SelectQuote (NYSE:SLQT - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.00% and a negative net margin of 3.45%. The company had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. During the same period in the previous year, the business posted ($0.19) EPS. Research analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mason Investment Advisory Services Inc. grew its holdings in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company's stock worth $43,000 after purchasing an additional 5,000 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of SelectQuote in the 3rd quarter valued at about $123,000. Algert Global LLC grew its stake in SelectQuote by 147.1% during the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company's stock worth $139,000 after buying an additional 30,019 shares during the last quarter. Virtu Financial LLC acquired a new position in SelectQuote during the third quarter worth approximately $150,000. Finally, Quantbot Technologies LP purchased a new stake in SelectQuote in the third quarter valued at approximately $153,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.