SelectQuote (NYSE:SLQT) Hits New 52-Week High – Here’s What Happened

SelectQuote, Inc. (NYSE:SLQT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $4.55 and last traded at $4.40, with a volume of 828284 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

SLQT has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum started coverage on SelectQuote in a research note on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective for the company.

SelectQuote Price Performance

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 market cap of $710.03 million, a P/E ratio of -14.79 and a beta of 1.14. The business has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $2.96.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results 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 period last year, the firm earned ($0.19) EPS. On average, sell-side analysts forecast that SelectQuote, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Several large investors have recently added to or reduced their stakes in SLQT. Mason Investment Advisory Services Inc. grew its position 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 in the last quarter. Intech Investment Management LLC bought a new stake in shares of SelectQuote in the third quarter worth about $123,000. Algert Global LLC increased its holdings in SelectQuote by 147.1% during the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after purchasing an additional 30,019 shares during the period. Virtu Financial LLC bought a new position in SelectQuote during the 3rd quarter valued at approximately $150,000. Finally, Quantbot Technologies LP bought a new position in SelectQuote during the 3rd quarter valued at approximately $153,000. Institutional investors 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.