SelectQuote (NYSE:SLQT) Trading Down 7.3% – What’s Next?

Shares of SelectQuote, Inc. (NYSE:SLQT) traded down 7.3% during trading on Friday . The stock traded as low as $5.13 and last traded at $5.09. 797,819 shares traded hands during trading, a decline of 65% from the average session volume of 2,274,728 shares. The stock had previously closed at $5.49.

Analyst Ratings Changes

Several brokerages recently weighed in on SLQT. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Stock Performance

The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $830.59 million, a PE ratio of -53.61 and a beta of 1.15. The firm has a 50-day moving average price of $4.23 and a 200 day moving average price of $3.23.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. Research analysts expect that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mason Investment Advisory Services Inc. increased its holdings in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after purchasing an additional 5,000 shares during the period. OneDigital Investment Advisors LLC purchased a new position in SelectQuote in the fourth quarter worth approximately $46,000. Oppenheimer & Co. Inc. purchased a new position in SelectQuote in the fourth quarter worth approximately $47,000. Cibc World Markets Corp purchased a new position in SelectQuote in the fourth quarter worth approximately $47,000. Finally, Bayesian Capital Management LP purchased a new position in SelectQuote in the fourth quarter worth approximately $55,000. 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.