SelectQuote (NYSE:SLQT) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of SelectQuote (NYSE:SLQT - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a "hold" rating and a $2.75 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 29.11% from the company's current price.

Separately, Noble Financial upgraded shares of SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th.

SelectQuote Stock Down 4.5%

Shares of NYSE:SLQT traded down $0.10 on Wednesday, reaching $2.13. The company had a trading volume of 811,947 shares, compared to its average volume of 1,420,994. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $367.90 million, a PE ratio of -23.67 and a beta of 1.26. SelectQuote has a 52-week low of $1.62 and a 52-week high of $6.86. The firm's 50 day simple moving average is $3.04 and its 200-day simple moving average is $3.52.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. The business had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. As a group, analysts expect that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of SelectQuote

A number of hedge funds have recently added to or reduced their stakes in SLQT. Virtu Financial LLC purchased a new stake in shares of SelectQuote during the 1st quarter worth $34,000. Xponance Inc. purchased a new stake in shares of SelectQuote during the first quarter worth about $34,000. Johnson Investment Counsel Inc. acquired a new position in SelectQuote in the 1st quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of SelectQuote during the first quarter worth $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of SelectQuote in the first quarter valued at $40,000. 34.59% of the stock is 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.