SelectQuote (NYSE:SLQT) Shares Gap Down – Here’s Why

SelectQuote, Inc. (NYSE:SLQT) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.73, but opened at $5.41. SelectQuote shares last traded at $5.55, with a volume of 1,110,651 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Price Performance

The company has a market capitalization of $964.74 million, a PE ratio of -20.05 and a beta of 1.15. The firm has a fifty day moving average of $3.82 and a two-hundred day moving average of $3.12. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. Research analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mason Investment Advisory Services Inc. increased its position in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in SelectQuote during the fourth quarter valued at $47,000. Cibc World Markets Corp purchased a new position in SelectQuote during the fourth quarter valued at $47,000. Raymond James Financial Inc. purchased a new position in SelectQuote during the fourth quarter valued at $97,000. Finally, Intech Investment Management LLC bought a new stake in SelectQuote during the third quarter valued at about $123,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.