SelectQuote (NYSE:SLQT) Shares Down 6.6% - Time to Sell?

SelectQuote, Inc. (NYSE:SLQT - Get Free Report)'s stock price was down 6.6% on Monday . The company traded as low as $3.07 and last traded at $3.03. Approximately 82,019 shares traded hands during trading, a decline of 94% from the average daily volume of 1,347,039 shares. The stock had previously closed at $3.24.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded shares of SelectQuote to a "strong-buy" rating in a research note on Wednesday, February 12th.

SelectQuote Stock Performance

The business has a 50 day moving average of $3.66 and a 200-day moving average of $3.43. The company has a market capitalization of $566.35 million, a P/E ratio of -36.56 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. On average, sell-side analysts predict that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now owns 1,166 shares of the company's stock, valued at $6,343.04. This trade represents a 97.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLQT. Johnson Investment Counsel Inc. purchased a new position in SelectQuote in the 1st quarter worth approximately $35,000. New York State Teachers Retirement System bought a new stake in shares of SelectQuote during the 1st quarter worth $41,000. OneDigital Investment Advisors LLC purchased a new position in SelectQuote in the fourth quarter worth $46,000. Cibc World Markets Corp bought a new position in SelectQuote in the fourth quarter valued at $47,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in SelectQuote during the fourth quarter valued at about $47,000. 34.59% of the stock is currently owned by 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.