SelectQuote (NYSE:SLQT) Upgraded by Noble Financial to “Strong-Buy” Rating

Noble Financial upgraded shares of SelectQuote (NYSE:SLQT) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Stock Performance

Shares of SLQT stock opened at $5.62 on Wednesday. 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 firm has a market cap of $963.89 million, a P/E ratio of -20.07 and a beta of 1.15. The firm’s 50 day moving average price is $3.87 and its 200-day moving average price is $3.14. SelectQuote has a one year low of $1.41 and a one year high of $6.86.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. As a group, equities research analysts predict that SelectQuote will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Several large investors have recently bought and sold shares of SLQT. Mason Investment Advisory Services Inc. grew its position in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after buying an additional 5,000 shares in the last quarter. Rhumbline Advisers lifted its stake in SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock worth $780,000 after acquiring an additional 5,235 shares during the last quarter. Creative Planning grew its holdings in SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after acquiring an additional 6,150 shares in the last quarter. SG Americas Securities LLC grew its holdings in SelectQuote by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock worth $340,000 after acquiring an additional 8,660 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of SelectQuote by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock valued at $4,433,000 after purchasing an additional 10,038 shares during the last quarter. Hedge funds and other institutional investors 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.