SelectQuote, Inc. (NYSE:SLQT) gapped down prior to trading on Tuesday after Barclays lowered their price target on the stock from $9.00 to $5.00. The stock had previously closed at $6.53, but opened at $3.32. Barclays currently has an equal weight rating on the stock. SelectQuote shares last traded at $3.34, with a volume of 690,063 shares changing hands.
A number of other brokerages have also commented on SLQT. Royal Bank of Canada cut their price objective on shares of SelectQuote from $13.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday. Zacks Investment Research downgraded SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, January 22nd. Jefferies Financial Group started coverage on SelectQuote in a research note on Thursday, November 18th. They issued a “hold” rating and a $12.00 target price for the company. Citigroup downgraded SelectQuote from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $4.00 in a report on Tuesday. Finally, Piper Sandler lowered SelectQuote from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $4.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.05.
A number of hedge funds and other institutional investors have recently made changes to their positions in SLQT. CIBC Asset Management Inc purchased a new stake in SelectQuote in the 4th quarter worth $93,000. First Trust Advisors LP bought a new position in SelectQuote in the 4th quarter worth about $352,000. ProShare Advisors LLC boosted its stake in shares of SelectQuote by 62.9% during the fourth quarter. ProShare Advisors LLC now owns 33,190 shares of the company’s stock valued at $301,000 after purchasing an additional 12,811 shares in the last quarter. Islay Capital Management LLC lifted its position in SelectQuote by 53.3% during the fourth quarter. Islay Capital Management LLC now owns 9,231 shares of the company’s stock valued at $84,000 after acquiring an additional 3,209 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of SelectQuote by 1.8% in the fourth quarter. Northern Trust Corp now owns 1,387,469 shares of the company’s stock worth $12,571,000 after buying an additional 24,875 shares during the last quarter. Institutional investors own 77.14% of the company’s stock.
The stock has a market cap of $550.90 million, a price-to-earnings ratio of 5.49 and a beta of 0.19. The company has a quick ratio of 12.02, a current ratio of 12.02 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $8.41 and its two-hundred day moving average price is $11.58.
SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Sunday, February 6th. The company reported ($0.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.43). SelectQuote had a net margin of 8.71% and a return on equity of 12.99%. The business had revenue of $194.98 million during the quarter, compared to analyst estimates of $456.67 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was down 45.5% on a year-over-year basis. On average, analysts predict that SelectQuote, Inc. will post 0.83 earnings per share for the current fiscal year.
SelectQuote Company Profile (NYSE:SLQT)
Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs.