SelectQuote (NYSE:SLQT) Trading Down 3.4% – What’s Next?

Shares of SelectQuote, Inc. (NYSE:SLQT) traded down 3.4% on Tuesday . The company traded as low as $3.70 and last traded at $3.70. 293,627 shares changed hands during trading, a decline of 71% from the average session volume of 1,013,559 shares. The stock had previously closed at $3.83.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in 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 objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Performance

The company has a market cap of $638.00 million, a PE ratio of -13.29 and a beta of 1.22. The stock has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $2.92. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business 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 quarter last year, the company earned ($0.19) EPS. Equities analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Several hedge funds have recently made changes to their positions in the business. KCM Investment Advisors LLC purchased a new stake in SelectQuote during the 3rd quarter valued at approximately $608,000. Creative Planning increased its holdings in shares of SelectQuote by 6.6% in the third quarter. Creative Planning now owns 100,019 shares of the company’s stock valued at $217,000 after purchasing an additional 6,150 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after purchasing an additional 58,481 shares during the last quarter. State Street Corp lifted its holdings in shares of SelectQuote by 0.7% during the third quarter. State Street Corp now owns 2,894,067 shares of the company’s stock worth $6,280,000 after purchasing an additional 21,413 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in SelectQuote by 158.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after buying an additional 170,726 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.