SelectQuote (NYSE:SLQT) Reaches New 1-Year High – Still a Buy?

SelectQuote, Inc. (NYSE:SLQT) hit a new 52-week high on Tuesday . The company traded as high as $4.62 and last traded at $4.55, with a volume of 902835 shares changing hands. The stock had previously closed at $4.24.

Analysts Set New Price Targets

SLQT has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum initiated coverage on shares of SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 target price on the stock.

SelectQuote Stock Performance

The business has a fifty day simple moving average of $3.33 and a two-hundred day simple moving average of $3.05. The company has a market cap of $765.79 million, a PE ratio of -15.95 and a beta of 1.14. 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 issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same period in the previous year, the business earned ($0.19) EPS. Research analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

Hedge funds have recently modified their holdings of the stock. KCM Investment Advisors LLC acquired a new position in shares of SelectQuote in the third quarter valued at about $608,000. Bank of Montreal Can purchased a new position in SelectQuote during the 2nd quarter worth approximately $545,000. Dimensional Fund Advisors LP raised its position in SelectQuote by 158.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock worth $768,000 after buying an additional 170,726 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in SelectQuote during the 3rd quarter valued at approximately $311,000. Finally, Barclays PLC increased its stake in shares of SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after acquiring an additional 124,005 shares during the period. Institutional investors and hedge funds 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.