SelectQuote, Inc. (NYSE:SLQT) Sees Significant Drop in Short Interest

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 624,400 shares, a decline of 26.0% from the March 15th total of 843,900 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 791,400 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On SelectQuote

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of SelectQuote by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 6,982,484 shares of the company's stock worth $9,566,000 after acquiring an additional 147,184 shares during the period. Barclays PLC grew its holdings in shares of SelectQuote by 346.4% in the 4th quarter. Barclays PLC now owns 210,423 shares of the company's stock worth $288,000 after acquiring an additional 163,284 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of SelectQuote in the 4th quarter worth approximately $171,000. Royal Bank of Canada grew its holdings in shares of SelectQuote by 8.7% in the 4th quarter. Royal Bank of Canada now owns 120,082 shares of the company's stock worth $165,000 after acquiring an additional 9,567 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in SelectQuote during the 4th quarter valued at $31,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Down 4.5 %

SLQT traded down $0.08 on Friday, hitting $1.71. 395,747 shares of the company traded hands, compared to its average volume of 764,749. The company has a 50 day moving average of $1.72 and a 200-day moving average of $1.43. The stock has a market capitalization of $288.98 million, a PE ratio of -5.48 and a beta of 0.70. SelectQuote has a 12-month low of $0.86 and a 12-month high of $2.40.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.11 EPS for the quarter. The firm had revenue of $405.44 million during the quarter. SelectQuote had a negative return on equity of 11.44% and a negative net margin of 4.33%. On average, research analysts anticipate that SelectQuote will post -0.21 EPS for the current year.

Analysts Set New Price Targets

Separately, Noble Financial initiated coverage on SelectQuote in a research note on Thursday, February 29th. They set an "outperform" rating and a $5.00 price objective for the company.

About SelectQuote

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.