SelectQuote (NYSE:SLQT) Stock Price Down 6.4%

SelectQuote, Inc. (NYSE:SLQTGet Free Report)’s share price dropped 6.4% on Tuesday . The stock traded as low as $3.05 and last traded at $3.05. Approximately 268,779 shares were traded during trading, a decline of 65% from the average daily volume of 776,951 shares. The stock had previously closed at $3.26.

Wall Street Analysts Forecast Growth

Separately, Noble Financial began coverage on SelectQuote in a research note on Thursday, February 29th. They issued an “outperform” rating and a $5.00 price objective on the stock.

Read Our Latest Report on SelectQuote

SelectQuote Price Performance

The stock has a market capitalization of $515.94 million, a P/E ratio of -9.63 and a beta of 1.10. The company has a current ratio of 6.34, a quick ratio of 6.34 and a debt-to-equity ratio of 1.87. The company has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $1.72.

SelectQuote (NYSE:SLQTGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $376.40 million for the quarter, compared to analyst estimates of $341.80 million. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. During the same period in the prior year, the business posted $0.06 earnings per share. Sell-side analysts expect that SelectQuote, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Trading of SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new stake in SelectQuote in the third quarter valued at approximately $35,000. Headlands Technologies LLC bought a new position in SelectQuote during the first quarter worth about $36,000. Public Employees Retirement System of Ohio grew its stake in SelectQuote by 882.6% in the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after acquiring an additional 17,916 shares during the period. Quadrature Capital Ltd acquired a new position in SelectQuote in the first quarter valued at about $40,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of SelectQuote during the third quarter worth about $47,000. 34.59% of the stock is owned by institutional investors.

SelectQuote Company Profile

(Get Free Report)

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.

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