Insider Buying: SelectQuote (NYSE:SLQT) CEO Buys $50,334.00 in Stock

Key Points

• SelectQuote CEO Timothy Danker bought 100,668 shares for $50,334 at an average price of $0.50, increasing his stake by 3.38% to 3,076,073 shares.
• The company reported quarterly EPS of $0.21 loss, beating analysts’ estimate of a $0.33 loss, and revenue of $280.01 million versus the $277.91 million consensus.
• SelectQuote shares recently traded at $0.46; analysts’ consensus rating is Hold, with a consensus price target of $3.00.

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) CEO Timothy Danker bought 100,668 shares of SelectQuote stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $0.50 per share, with a total value of $50,334.00. Following the purchase, the chief executive officer directly owned 3,076,073 shares in the company, valued at approximately $1,538,036.50. This trade represents a 3.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

SelectQuote Stock Performance

Shares of NYSE:SLQT traded up $0.01 during midday trading on Tuesday, hitting $0.46. The stock had a trading volume of 547,605 shares, compared to its average volume of 1,550,047. SelectQuote, Inc. has a 1 year low of $0.30 and a 1 year high of $1.76. The company has a current ratio of 7.48, a quick ratio of 6.57 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.75. The company has a market capitalization of $82.28 million, a PE ratio of -15.30 and a beta of 2.01.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $277.91 million. As a group, equities analysts predict that SelectQuote, Inc. will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently made changes to their positions in SLQT. BlackRock Inc. bought a new stake in shares of SelectQuote in the second quarter valued at $1,836,000. GSA Capital Partners LLP purchased a new position in shares of SelectQuote during the 2nd quarter valued at $1,123,000. Renaissance Technologies LLC grew its stake in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company's stock worth $643,000 after acquiring an additional 909,939 shares during the period. Squarepoint Ops LLC bought a new position in shares of SelectQuote during the 2nd quarter worth $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SelectQuote in the 2nd quarter worth about $461,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analyst Upgrades and Downgrades

SLQT has been the topic of a number of analyst reports. Wall Street Zen lowered SelectQuote from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings lowered shares of SelectQuote from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 17th. Finally, Zacks Research upgraded shares of SelectQuote from a "strong sell" rating to a "hold" rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $3.00.

About SelectQuote

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.

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