Royal Bank of Canada Reiterates “Sector Perform” Rating for SelectQuote (NYSE:SLQT)

SelectQuote (NYSE:SLQT)‘s stock had its “sector perform” rating restated by analysts at Royal Bank of Canada in a research report issued on Friday,Benzinga reports. They presently have a $4.00 price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 41.34% from the company’s previous close.

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

SelectQuote Stock Up 8.4 %

SelectQuote stock traded up $0.22 during mid-day trading on Friday, reaching $2.83. 217,694 shares of the company were exchanged, compared to its average volume of 1,021,759. The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market cap of $485.37 million, a P/E ratio of -10.00 and a beta of 1.06. The business has a fifty day moving average of $2.14 and a 200 day moving average of $2.87. SelectQuote has a 12-month low of $1.03 and a 12-month high of $4.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share 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 for the quarter, compared to analysts’ expectations of $275.15 million. During the same quarter last year, the company earned ($0.19) earnings per share. Research analysts anticipate that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of SelectQuote

Several hedge funds and other institutional investors have recently bought and sold shares of SLQT. TFB Advisors LLC acquired a new stake in SelectQuote during the second quarter valued at $29,000. Public Employees Retirement System of Ohio lifted 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. Quadrature Capital Ltd acquired a new stake in SelectQuote in the 1st quarter worth about $40,000. Mason Investment Advisory Services Inc. boosted its stake 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 last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of SelectQuote by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after purchasing an additional 6,555 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

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.