Shares of SelectQuote, Inc. (NYSE:SLQT - Get Free Report) shot up 6.9% on Thursday . The company traded as high as $3.54 and last traded at $3.54. 262,423 shares were traded during trading, a decline of 74% from the average session volume of 1,007,321 shares. The stock had previously closed at $3.31.
A number of research firms have recently commented on SLQT. Craig Hallum started coverage on SelectQuote in a research note on Monday, September 30th. They issued a "buy" rating and a $4.50 target price for the company. 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.
Get Our Latest Analysis on SelectQuote
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 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.89. The firm has a market cap of $608.84 million, a PE ratio of -12.68 and a beta of 1.22.
SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The firm had revenue of $292.26 million during 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 quarter in the previous year, the firm earned ($0.19) EPS. Sell-side analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. TFB Advisors LLC purchased a new stake in SelectQuote in the second quarter worth approximately $29,000. Mason Investment Advisory Services Inc. grew its holdings in shares of SelectQuote by 33.3% in 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. Intech Investment Management LLC purchased a new stake in SelectQuote during the third quarter valued at $123,000. Algert Global LLC lifted its holdings in 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 acquiring an additional 30,019 shares during the period. Finally, Virtu Financial LLC purchased a new position in SelectQuote in the third quarter worth about $150,000. Institutional investors own 34.59% of the company's stock.
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.
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