SelectQuote, Inc. (NYSE:SLQT) Given Average Rating of "Hold" by Brokerages

Key Points

• SelectQuote, Inc. has received an average recommendation of "Hold" from five ratings firms, with various recommendations ranging from strong buy to strong sell.
• The stock's average 12-month price target among analysts is $4.4167, while shares recently opened at $2.26.
• SelectQuote reported better-than-expected quarterly earnings, with a revenue of $345.10 million, surpassing analyst expectations of $334.09 million.

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.4167.

SLQT has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on SelectQuote in a research note on Wednesday, May 21st. They set a "hold" rating and a $2.75 target price on the stock. Royal Bank Of Canada lowered their target price on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Wall Street Zen lowered SelectQuote from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Zacks Research lowered SelectQuote from a "hold" rating to a "strong sell" rating in a report on Wednesday.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $2.26 on Friday. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.90. The stock's fifty day simple moving average is $2.17 and its two-hundred day simple moving average is $2.90. SelectQuote has a 1-year low of $1.62 and a 1-year high of $6.86. The stock has a market cap of $390.39 million, a PE ratio of 45.18 and a beta of 1.22.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.01. SelectQuote had a return on equity of 6.35% and a net margin of 3.12%.The business had revenue of $345.10 million for the quarter, compared to analysts' expectations of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. As a group, analysts forecast that SelectQuote will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in SelectQuote by 13.4% during the 4th quarter. Wells Fargo & Company MN now owns 154,945 shares of the company's stock valued at $576,000 after buying an additional 18,261 shares in the last quarter. Invesco Ltd. grew its holdings in SelectQuote by 1.7% during the 4th quarter. Invesco Ltd. now owns 225,293 shares of the company's stock valued at $838,000 after buying an additional 3,776 shares in the last quarter. Raymond James Financial Inc. purchased a new position in SelectQuote during the 4th quarter valued at about $97,000. Barclays PLC grew its holdings in SelectQuote by 15.0% during the 4th quarter. Barclays PLC now owns 228,203 shares of the company's stock valued at $849,000 after buying an additional 29,846 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in SelectQuote by 35.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company's stock valued at $3,929,000 after buying an additional 275,593 shares in the last quarter. Hedge funds and other 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.

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