SelectQuote (NYSE:SLQT) Shares Down 7.3% - Here's What Happened

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) traded down 7.3% on Friday . The company traded as low as $5.13 and last traded at $5.09. 797,819 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 2,274,728 shares. The stock had previously closed at $5.49.

Analyst Upgrades and Downgrades

SLQT has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial upgraded SelectQuote to a "strong-buy" rating in a research note on Wednesday, February 12th.

SelectQuote Trading Down 1.3 %

The stock's 50 day simple moving average is $4.30 and its two-hundred day simple moving average is $3.24. The stock has a market capitalization of $741.08 million, a PE ratio of -47.83 and a beta of 1.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 expect that SelectQuote, Inc. will post -0.07 EPS for the current year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in SelectQuote by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company's stock valued at $27,392,000 after purchasing an additional 120,280 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of SelectQuote by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock valued at $6,688,000 after buying an additional 43,197 shares in the last quarter. State Street Corp lifted its stake 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 valued at $6,280,000 after buying an additional 21,413 shares in the last quarter. Captrust Financial Advisors boosted its holdings in SelectQuote by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 1,542,010 shares of the company's stock worth $5,736,000 after buying an additional 73,627 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in SelectQuote by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock valued at $4,433,000 after buying an additional 10,038 shares in the last quarter. Institutional investors 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.