SelectQuote (NYSE:SLQT) Trading 5.2% Higher – Should You Buy?

Shares of SelectQuote, Inc. (NYSE:SLQT) shot up 5.2% during trading on Friday . The stock traded as high as $3.05 and last traded at $3.05. 41,494 shares changed hands during trading, a decline of 96% from the average session volume of 1,016,349 shares. The stock had previously closed at $2.90.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Craig Hallum assumed coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Performance

The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The stock’s 50-day moving average price is $2.24 and its 200 day moving average price is $2.89.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The business had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same quarter in the prior year, the company earned ($0.19) EPS. Analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TFB Advisors LLC acquired a new position in SelectQuote in the 2nd quarter valued at 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 purchasing an additional 17,916 shares during the period. Quadrature Capital Ltd acquired a new stake in SelectQuote during the 1st quarter worth approximately $40,000. Mason Investment Advisory Services Inc. boosted its stake in SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position 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 buying an additional 6,555 shares during the period. 34.59% of the stock is owned by 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.