SelectQuote (NYSE:SLQT) CEO Purchases $50,334.00 in Stock

SelectQuote, Inc. (NYSE:SLQT) CEO Timothy Danker bought 100,668 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $0.50 per share, with a total value of $50,334.00. Following the purchase, the chief executive officer directly owned 3,076,073 shares of the company’s stock, valued at $1,538,036.50. The trade was a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

SelectQuote Stock Down 3.7%

Shares of SelectQuote stock opened at $0.49 on Friday. The stock’s 50-day moving average is $0.42 and its 200 day moving average is $0.74. SelectQuote, Inc. has a one year low of $0.30 and a one year high of $1.76. The firm has a market cap of $87.57 million, a price-to-earnings ratio of 50.70 and a beta of 2.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 7.48 and a quick ratio of 7.48.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.12. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. The firm had revenue of $280.01 million for the quarter, compared to analyst estimates of $277.91 million. Equities research analysts anticipate that SelectQuote, Inc. will post -0.25 EPS for the current year.

Analyst Upgrades and Downgrades

SLQT has been the subject of a number of research reports. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen downgraded shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. BlackRock Inc. purchased a new stake in SelectQuote in the 2nd quarter valued at about $1,836,000. Renaissance Technologies LLC lifted its holdings in SelectQuote by 817.6% during the first quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after acquiring an additional 909,939 shares during the period. GSA Capital Partners LLP purchased a new position in SelectQuote in the second quarter worth $1,123,000. Empowered Funds LLC bought a new stake in shares of SelectQuote during the 2nd quarter worth $245,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of SelectQuote during the 2nd quarter worth $57,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Company Profile

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.