SelectQuote (NYSE:SLQT) Director Buys $11,703.12 in Stock

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III acquired 26,598 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $0.44 per share, for a total transaction of $11,703.12. Following the transaction, the director owned 539,812 shares of the company’s stock, valued at $237,517.28. This represents a 5.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SelectQuote Stock Performance

Shares of SLQT opened at $0.49 on Friday. SelectQuote, Inc. has a 12 month low of $0.30 and a 12 month high of $1.76. The firm has a fifty day simple moving average of $0.42 and a 200 day simple moving average of $0.74. The stock has a market capitalization of $87.57 million, a price-to-earnings 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.

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 net margin of 4.61% and a return on equity of 22.48%. The firm had revenue of $280.01 million for the quarter, compared to analyst estimates of $277.91 million. Research analysts forecast that SelectQuote, Inc. will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in SelectQuote by 541.1% during the third quarter. Commonwealth Equity Services LLC now owns 181,939 shares of the company’s stock worth $74,000 after buying an additional 153,562 shares during the last quarter. SMH Capital Advisors Inc. acquired a new stake in shares of SelectQuote in the third quarter valued at approximately $47,000. Fragasso Financial Advisors Inc acquired a new stake in shares of SelectQuote in the third quarter valued at approximately $61,000. Squarepoint Ops LLC acquired a new stake in shares of SelectQuote in the second quarter valued at approximately $536,000. Finally, Hsbc Holdings PLC boosted its stake in shares of SelectQuote by 850.0% during the 2nd quarter. Hsbc Holdings PLC now owns 122,430 shares of the company’s stock worth $102,000 after acquiring an additional 109,543 shares during the period. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, Wall Street Zen lowered SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SelectQuote has a consensus rating of “Hold” and an average price target of $3.00.

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.