SelectQuote (NYSE:SLQT) Trading Up 4.3% – Should You Buy?

SelectQuote, Inc. (NYSE:SLQT)’s stock price rose 4.3% during mid-day trading on Tuesday . The company traded as high as $3.44 and last traded at $3.48. Approximately 193,800 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,288,365 shares. The stock had previously closed at $3.34.

Analyst Ratings Changes

Separately, Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Trading Up 2.3 %

The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The company’s fifty day moving average price is $4.29 and its two-hundred day moving average price is $3.29. The firm has a market cap of $602.50 million, a PE ratio of -38.89 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, sell-side analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the sale, the insider now owns 1,166 shares in the company, valued at $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SelectQuote

A number of hedge funds and other institutional investors have recently modified their holdings of SLQT. OneDigital Investment Advisors LLC acquired a new stake in shares of SelectQuote in the 4th quarter worth approximately $46,000. Oppenheimer & Co. Inc. purchased a new stake in shares of SelectQuote in the 4th quarter worth about $47,000. Cibc World Markets Corp purchased a new stake in shares of SelectQuote in the 4th quarter worth about $47,000. Bayesian Capital Management LP acquired a new stake in SelectQuote in the 4th quarter valued at about $55,000. Finally, Raymond James Financial Inc. purchased a new position in SelectQuote during the 4th quarter valued at about $97,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.