SelectQuote (NYSE:SLQT) Trading Up 6.9% - Time to Buy?

Shares of SelectQuote, Inc. (NYSE:SLQT - Get Free Report) traded up 6.9% on Thursday . The stock traded as high as $3.54 and last traded at $3.54. 262,423 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,007,321 shares. The stock had previously closed at $3.31.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum started coverage on SelectQuote in a research note on Monday, September 30th. They issued a "buy" rating and a $4.50 price target on the stock.

SelectQuote Stock Up 9.7 %

The stock has a market capitalization of $622.56 million, a price-to-earnings ratio of -12.96 and a beta of 1.22. 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 firm's fifty day moving average is $2.61 and its 200-day moving average is $2.90.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly 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). The company had revenue of $292.26 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted ($0.19) EPS. On average, sell-side analysts predict that SelectQuote, Inc. will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of SelectQuote by 36.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock worth $932,000 after buying an additional 115,865 shares during the last quarter. Virtu Financial LLC acquired a new position in SelectQuote in the third quarter valued at approximately $150,000. Barclays PLC boosted its stake in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company's stock valued at $430,000 after acquiring an additional 124,005 shares during the period. Geode Capital Management LLC grew its holdings in shares of SelectQuote by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock valued at $6,688,000 after purchasing an additional 43,197 shares during the last quarter. Finally, State Street Corp raised its position in shares of SelectQuote by 0.7% during 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 during the period. 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.