SelectQuote (NYSE:SLQT) Given Sector Perform Rating at Royal Bank of Canada

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

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

SelectQuote Stock Up 2.0 %

Shares of SelectQuote stock opened at $2.04 on Tuesday. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. The business has a 50-day moving average price of $2.51 and a two-hundred day moving average price of $2.80. SelectQuote has a 1-year low of $1.03 and a 1-year high of $4.46.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Friday, September 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $307.21 million for the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. As a group, sell-side analysts expect that SelectQuote will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

Several hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in shares of SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after purchasing an additional 6,150 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in SelectQuote by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after buying an additional 6,555 shares in the last quarter. TFB Advisors LLC purchased a new position in SelectQuote in the 2nd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio grew its stake in SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after buying an additional 17,916 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in SelectQuote in the 1st quarter valued at approximately $36,000. 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.