SelectQuote (NYSE:SLQT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SelectQuote (NYSE:SLQT) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other analysts have also recently weighed in on SLQT. Craig Hallum set a $3.00 price objective on SelectQuote in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a research note on Monday, December 29th. Royal Bank Of Canada lowered their price target on SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. Finally, Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.58.

SelectQuote Trading Down 12.5%

NYSE SLQT opened at $0.96 on Friday. SelectQuote has a 52 week low of $0.91 and a 52 week high of $6.86. The company has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.76. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 1.07. The firm has a market cap of $169.68 million, a PE ratio of 96.35 and a beta of 1.23.

SelectQuote (NYSE:SLQT) last announced its earnings results on Thursday, February 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. The company had revenue of $537.10 million during the quarter, compared to the consensus estimate of $530.73 million. As a group, sell-side analysts forecast that SelectQuote will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in SelectQuote by 37.8% in the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company’s stock valued at $177,000 after buying an additional 14,551 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in SelectQuote by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after acquiring an additional 4,947 shares during the period. Caxton Associates LLP purchased a new stake in shares of SelectQuote in the 1st quarter valued at $172,000. Acadian Asset Management LLC purchased a new stake in shares of SelectQuote in the 1st quarter valued at $514,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SelectQuote in the second quarter worth $69,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

About SelectQuote

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.