SelectQuote (NYSE:SLQT) Earns Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a research report report published on Friday,Benzinga reports. The firm currently has a $4.00 target price on the stock.

Separately, Craig Hallum began coverage on shares of SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 price target on the stock.

SelectQuote Stock Up 9.6 %

Shares of SLQT opened at $2.86 on Friday. SelectQuote has a 1 year low of $1.03 and a 1 year high of $4.46. 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 business’s 50 day simple moving average is $2.16 and its 200-day simple moving average is $2.88. The stock has a market capitalization of $490.50 million, a price-to-earnings ratio of -10.21 and a beta of 1.06.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The company had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $275.15 million. During the same quarter last year, the firm posted ($0.19) EPS. As a group, equities analysts expect that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently modified their holdings of SLQT. Jacobs Levy Equity Management Inc. boosted its holdings in shares of SelectQuote by 229.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after buying an additional 808,850 shares in the last quarter. KCM Investment Advisors LLC acquired a new stake in shares of SelectQuote during the 3rd quarter worth approximately $608,000. Bank of Montreal Can purchased a new stake in shares of SelectQuote during the 2nd quarter worth about $545,000. Panagora Asset Management Inc. increased its position in shares of SelectQuote by 85.5% in the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after buying an additional 189,029 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in SelectQuote by 158.8% during the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after purchasing an additional 170,726 shares in the last quarter. 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.