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

SelectQuote (NYSE:SLQT)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $4.00 target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 39.86% from the stock’s current price.

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

SelectQuote Price Performance

NYSE:SLQT opened at $2.86 on Friday. SelectQuote has a one year low of $1.03 and a one year high of $4.46. The stock has a market cap of $490.50 million, a PE ratio of -10.21 and a beta of 1.06. 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 stock has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.88.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The firm had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same period last year, the company earned ($0.19) EPS. Equities research analysts expect that SelectQuote will post -0.2 EPS for the current fiscal year.

Institutional Trading of SelectQuote

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TFB Advisors LLC purchased a new stake in SelectQuote during the 2nd quarter worth about $29,000. Public Employees Retirement System of Ohio increased its stake in shares of SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after buying an additional 17,916 shares during the period. Quadrature Capital Ltd acquired a new stake in SelectQuote in the first quarter valued at approximately $40,000. Mason Investment Advisory Services Inc. lifted its stake in 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 grew its holdings in SelectQuote by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after acquiring an additional 6,555 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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.