SelectQuote (NYSE:SLQT) Trading Down 3.4% - Time to Sell?

Shares of SelectQuote, Inc. (NYSE:SLQT - Get Free Report) fell 3.4% on Tuesday . The company traded as low as $3.70 and last traded at $3.70. 293,627 shares traded hands during trading, a decline of 71% from the average session volume of 1,013,559 shares. The stock had previously closed at $3.83.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SLQT shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum initiated coverage on SelectQuote in a report on Monday, September 30th. They issued a "buy" rating and a $4.50 price target for the company.

SelectQuote Trading Down 2.9 %

The firm has a market capitalization of $638.00 million, a price-to-earnings ratio of -13.29 and a beta of 1.22. The business's 50-day moving average price is $2.72 and its 200 day moving average price is $2.92. 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 issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The firm had revenue of $292.26 million during the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, equities analysts forecast that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in SelectQuote by 36.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock valued at $932,000 after acquiring an additional 115,865 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of SelectQuote in the 3rd quarter valued at about $150,000. Barclays PLC lifted its position in shares of 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 grew its stake in SelectQuote by 1.4% in 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 in the last quarter. Finally, State Street Corp increased its holdings in SelectQuote by 0.7% in the third quarter. State Street Corp now owns 2,894,067 shares of the company's stock valued at $6,280,000 after buying an additional 21,413 shares during the last quarter. Institutional investors and hedge funds 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.