Royal Bank Of Canada Lowers SelectQuote (NYSE:SLQT) Price Target to $5.00

SelectQuote (NYSE:SLQT) had its target price reduced by Royal Bank Of Canada from $6.00 to $5.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 250.88% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Zacks Research raised shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of SelectQuote in a research note on Thursday, November 13th. Finally, Wall Street Zen cut shares of SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.88.

SelectQuote Stock Performance

SelectQuote stock traded up $0.04 during trading hours on Thursday, hitting $1.43. The stock had a trading volume of 189,605 shares, compared to its average volume of 1,545,409. The company has a 50-day moving average of $1.93 and a two-hundred day moving average of $2.11. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote has a fifty-two week low of $1.37 and a fifty-two week high of $6.86. The company has a market cap of $250.76 million, a PE ratio of 28.50 and a beta of 1.26.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.01. The company had revenue of $328.81 million for the quarter, compared to analyst estimates of $323.68 million. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%. SelectQuote has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that SelectQuote will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in SelectQuote during the 1st quarter worth about $34,000. Kapitalo Investimentos Ltda acquired a new stake in shares of SelectQuote during the 1st quarter worth approximately $35,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of SelectQuote during the first quarter worth approximately $40,000. Headlands Technologies LLC lifted its holdings in SelectQuote by 86.7% in the first quarter. Headlands Technologies LLC now owns 12,398 shares of the company’s stock valued at $41,000 after buying an additional 5,756 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in SelectQuote in the third quarter valued at approximately $27,000. 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.