SelectQuote (NYSE:SLQT) Shares Up 8.2% - Here's What Happened

SelectQuote, Inc. (NYSE:SLQT - Get Free Report)'s share price rose 8.2% during trading on Tuesday . The company traded as high as $4.36 and last traded at $4.44. Approximately 224,437 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,094,471 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a "sector perform" rating and issued a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Down 2.9 %

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 fifty day moving average price of $3.71 and a two-hundred day moving average price of $3.12. The company has a market cap of $749.50 million, a P/E ratio of -15.61 and a beta of 1.15.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its earnings results 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 net margin of 3.45% and a negative return on equity of 15.00%. 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. On average, research analysts expect that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Mason Investment Advisory Services Inc. lifted its holdings in 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 acquiring an additional 5,000 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of SelectQuote in the fourth quarter valued at $47,000. Raymond James Financial Inc. bought a new stake in shares of SelectQuote in the fourth quarter valued at $97,000. Intech Investment Management LLC bought a new stake in shares of SelectQuote in the third quarter valued at $123,000. Finally, Algert Global LLC raised its stake in shares of SelectQuote by 147.1% in the second quarter. Algert Global LLC now owns 50,429 shares of the company's stock valued at $139,000 after buying an additional 30,019 shares during the period. 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.