SelectQuote, Inc. (NYSE:SLQT) Short Interest Up 33.9% in February

SelectQuote, Inc. (NYSE:SLQT) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,318,984 shares, an increase of 33.9% from the January 29th total of 2,478,673 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 2,504,145 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 2,504,145 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.2% of the shares of the company are sold short.

SelectQuote Trading Up 2.1%

Shares of SLQT stock traded up $0.02 on Wednesday, hitting $0.81. 2,118,322 shares of the company’s stock traded hands, compared to its average volume of 1,581,533. The stock has a market capitalization of $142.21 million, a price-to-earnings ratio of 80.75 and a beta of 1.24. The company’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.64. SelectQuote has a one year low of $0.75 and a one year high of $4.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 5.65 and a current ratio of 5.65.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) 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 business had revenue of $537.10 million during the quarter, compared to analyst estimates of $530.73 million. Equities analysts forecast that SelectQuote will post -0.07 EPS for the current year.

Institutional Trading of SelectQuote

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in SelectQuote by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,369,383 shares of the company’s stock valued at $4,752,000 after purchasing an additional 39,631 shares during the period. Captrust Financial Advisors raised its holdings in shares of SelectQuote by 36.3% during the fourth quarter. Captrust Financial Advisors now owns 2,081,209 shares of the company’s stock valued at $2,935,000 after acquiring an additional 554,624 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in SelectQuote by 71.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company’s stock worth $4,596,000 after acquiring an additional 803,594 shares during the period. American Century Companies Inc. boosted its holdings in SelectQuote by 75.4% in the second quarter. American Century Companies Inc. now owns 1,773,882 shares of the company’s stock valued at $4,222,000 after acquiring an additional 762,425 shares in the last quarter. Finally, Millennium Management LLC increased its position in SelectQuote by 530.1% during the 4th quarter. Millennium Management LLC now owns 1,637,460 shares of the company’s stock valued at $2,309,000 after purchasing an additional 1,377,577 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SLQT shares. Wall Street Zen raised shares of SelectQuote from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Royal Bank Of Canada dropped their price objective on SelectQuote from $5.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Zacks Research raised SelectQuote from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Craig Hallum set a $3.00 price objective on shares of SelectQuote in a research report on Friday, February 6th. Finally, Weiss Ratings cut shares of SelectQuote from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SelectQuote has an average rating of “Hold” and an average target price of $2.92.

SelectQuote Company Profile

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.