SelectQuote (NYSE:SLQT) Stock Price Down 7.3% – Here’s Why

SelectQuote, Inc. (NYSE:SLQT) dropped 7.3% on Friday . The company traded as low as $5.13 and last traded at $5.09. Approximately 797,819 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 2,274,728 shares. The stock had previously closed at $5.49.

Analyst Ratings Changes

SLQT has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Stock Down 16.8 %

The firm has a market capitalization of $785.82 million, a price-to-earnings ratio of -50.72 and a beta of 1.15. The stock has a fifty day moving average of $4.26 and a two-hundred day moving average of $3.23. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT) last posted 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%. Sell-side analysts anticipate that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Institutional Trading of SelectQuote

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in SelectQuote by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock valued at $27,392,000 after acquiring an additional 120,280 shares during the last quarter. Geode Capital Management LLC boosted its position in SelectQuote by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock valued at $6,688,000 after acquiring an additional 43,197 shares during the last quarter. State Street Corp boosted its position in SelectQuote by 0.7% during the third quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after acquiring an additional 21,413 shares during the last quarter. Captrust Financial Advisors boosted its position in SelectQuote by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 1,542,010 shares of the company’s stock valued at $5,736,000 after acquiring an additional 73,627 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in SelectQuote by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock valued at $4,433,000 after acquiring an additional 10,038 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

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.