SelectQuote Target of Unusually High Options Trading (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) saw some unusual options trading activity on Friday. Traders purchased 4,430 call options on the company. This represents an increase of 128% compared to the typical daily volume of 1,943 call options.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the transaction, the insider now directly owns 1,166 shares in the company, valued at $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. Creative Planning raised its position in shares of SelectQuote by 6.6% in the third quarter. Creative Planning now owns 100,019 shares of the company's stock valued at $217,000 after purchasing an additional 6,150 shares during the period. KCM Investment Advisors LLC acquired a new stake in SelectQuote during the third quarter worth approximately $608,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in SelectQuote by 17.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company's stock worth $1,353,000 after acquiring an additional 91,071 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of SelectQuote during the third quarter worth approximately $123,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SelectQuote by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company's stock valued at $2,564,000 after purchasing an additional 53,159 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

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SelectQuote Stock Performance

NYSE:SLQT traded down $0.06 during mid-day trading on Friday, hitting $3.55. The stock had a trading volume of 1,744,455 shares, compared to its average volume of 1,259,601. SelectQuote has a twelve month low of $1.48 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The stock has a market cap of $610.25 million, a price-to-earnings ratio of -39.39 and a beta of 1.13. The company's 50 day simple moving average is $4.45 and its 200 day simple moving average is $3.30.

SelectQuote (NYSE:SLQT - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (EPS) 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, equities research analysts forecast that SelectQuote will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

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

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.