SelectQuote’s (SLQT) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a research report released on Friday morning,Benzinga reports. The firm currently has a $4.00 price objective on the stock.

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

SelectQuote Stock Performance

Shares of SLQT opened at $2.86 on Friday. SelectQuote has a 52 week low of $1.03 and a 52 week high of $4.46. 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 has a market cap of $490.50 million, a P/E ratio of -10.21 and a beta of 1.06. The business’s 50 day moving average price is $2.16 and its 200-day moving average price is $2.88.

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

Institutional Investors Weigh In On SelectQuote

Several institutional investors have recently modified their holdings of SLQT. Virtu Financial LLC bought a new position in SelectQuote during the 3rd quarter valued at about $150,000. Barclays PLC lifted its position in SelectQuote by 166.8% during the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock valued at $430,000 after purchasing an additional 124,005 shares during the period. Geode Capital Management LLC boosted its holdings in SelectQuote by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock worth $6,688,000 after purchasing an additional 43,197 shares during the last quarter. State Street Corp grew its position in SelectQuote by 0.7% in the 3rd 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, IHT Wealth Management LLC lifted its holdings in shares of SelectQuote by 35.2% during the 3rd quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock valued at $205,000 after buying an additional 24,605 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.