SelectQuote (NYSE:SLQT) COO Purchases $40,596.00 in Stock

SelectQuote, Inc. (NYSE:SLQT) COO William Grant, III purchased 79,600 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average cost of $0.51 per share, for a total transaction of $40,596.00. Following the completion of the transaction, the chief operating officer directly owned 3,468,094 shares of the company’s stock, valued at $1,768,727.94. This trade represents a 2.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

SelectQuote Stock Down 3.7%

Shares of SelectQuote stock opened at $0.49 on Friday. SelectQuote, Inc. has a 1 year low of $0.30 and a 1 year high of $1.76. The company has a market cap of $87.57 million, a P/E ratio of 50.70 and a beta of 2.01. The company has a current ratio of 7.48, a quick ratio of 7.48 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $0.42 and a 200 day moving average price of $0.74.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on SLQT shares. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SelectQuote has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SLQT. BlackRock Inc. acquired a new position in SelectQuote in the 2nd quarter worth about $1,836,000. Renaissance Technologies LLC raised its stake in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after purchasing an additional 909,939 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of SelectQuote during the 2nd quarter valued at about $1,123,000. Empowered Funds LLC acquired a new stake in shares of SelectQuote during the 2nd quarter valued at about $245,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of SelectQuote during the 2nd quarter valued at about $57,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.