SelectQuote (NYSE:SLQT) Trading Up 5.9% - Still a Buy?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report)'s stock price rose 5.9% during trading on Friday . The company traded as high as $4.11 and last traded at $4.10. Approximately 272,856 shares changed hands during trading, a decline of 60% from the average daily volume of 684,569 shares. The stock had previously closed at $3.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SLQT shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum began 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 Trading Up 7.0 %

The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The firm's fifty day moving average is $2.80 and its two-hundred day moving average is $2.93. The firm has a market cap of $710.03 million, a P/E ratio of -14.79 and a beta of 1.22.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $275.15 million. During the same quarter in the prior year, the firm earned ($0.19) EPS. Analysts predict that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Several hedge funds have recently made changes to their positions in SLQT. Bank of New York Mellon Corp lifted its position in SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company's stock valued at $1,305,000 after buying an additional 58,481 shares during the period. American Century Companies Inc. increased its stake in shares of SelectQuote by 58.1% in the 2nd quarter. American Century Companies Inc. now owns 120,751 shares of the company's stock worth $333,000 after acquiring an additional 44,392 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in SelectQuote by 158.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company's stock valued at $768,000 after acquiring an additional 170,726 shares during the period. Renaissance Technologies LLC boosted its stake in SelectQuote by 6.5% during the second quarter. Renaissance Technologies LLC now owns 726,997 shares of the company's stock worth $2,007,000 after acquiring an additional 44,397 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in SelectQuote in the second quarter worth about $545,000. 34.59% of the stock is currently owned by institutional investors.

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.