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

Key Points

• Director Donald Hawks III bought 26,598 SelectQuote shares at an average of $0.44 each, spending $11,703.12. The purchase increased his holdings by 5.18% to 539,812 shares.
• SelectQuote reported quarterly EPS of a $0.21 loss, beating analysts’ estimate of a $0.33 loss; revenue of $280.01 million also exceeded expectations.
• Shares rose 2.6% to $0.46 in Tuesday trading. Analysts’ consensus rating was “Hold,” with an average price target of $3.00.

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) Director Donald Hawks III acquired 26,598 shares of SelectQuote stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $0.44 per share, with a total value of $11,703.12. Following the completion of the purchase, the director owned 539,812 shares in the company, valued at approximately $237,517.28. This represents a 5.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SelectQuote Stock Up 2.6%

Shares of SLQT stock traded up $0.01 during trading on Tuesday, hitting $0.46. 547,605 shares of the company were exchanged, compared to its average volume of 1,550,047. The business's 50-day simple moving average is $0.42 and its 200 day simple moving average is $0.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 6.57 and a current ratio of 7.48. SelectQuote, Inc. has a twelve month low of $0.30 and a twelve month high of $1.76. The firm has a market capitalization of $82.28 million, a price-to-earnings 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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.12. The business had revenue of $280.01 million during the quarter, compared to analyst estimates of $277.91 million. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. As a group, analysts forecast that SelectQuote, Inc. will post -0.25 EPS for the current fiscal year.

Institutional Trading of SelectQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of SelectQuote during the second quarter valued at $1,836,000. GSA Capital Partners LLP acquired a new stake in SelectQuote in the second quarter worth about $1,123,000. Renaissance Technologies LLC raised its holdings in 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 purchasing an additional 909,939 shares during the last quarter. Squarepoint Ops LLC bought a new stake in SelectQuote during the 2nd quarter worth about $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in SelectQuote during the 2nd quarter valued at about $461,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SLQT. Wall Street Zen downgraded SelectQuote from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Zacks Research upgraded SelectQuote from a "strong sell" rating to a "hold" rating in a research report on Monday, October 26th. Finally, Weiss Ratings lowered shares of SelectQuote from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 17th. One equities 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 stock. Based on data from MarketBeat.com, SelectQuote currently has a consensus rating of "Hold" and an average 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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