SelectQuote, Inc. (NYSE:SLQT) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• SelectQuote, Inc. has received an average consensus recommendation of "Hold" from five research firms, with one sell, two hold, one buy, and one strong buy rating.
• Analysts have set an average twelve-month target price of $4.4167 for SelectQuote shares, which currently trade around $2.05.
• Recent institutional investments include significant increases in stakes by firms such as American Century Companies Inc., which grew its ownership by 224.2%, indicating continued interest in SelectQuote.

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

Several equities research analysts recently weighed in on SLQT shares. Zacks Research cut SelectQuote from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. Wall Street Zen cut SelectQuote from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Royal Bank Of Canada reduced their price target 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.

Institutional Investors Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. New York State Teachers Retirement System purchased a new stake in shares of SelectQuote in the first quarter worth $41,000. American Century Companies Inc. grew its stake in shares of SelectQuote by 224.2% in the first quarter. American Century Companies Inc. now owns 1,011,457 shares of the company's stock worth $3,378,000 after acquiring an additional 699,457 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of SelectQuote by 313.7% in the fourth quarter. Two Sigma Investments LP now owns 240,497 shares of the company's stock worth $895,000 after acquiring an additional 182,367 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SelectQuote by 15.8% in the fourth quarter. Bank of America Corp DE now owns 598,461 shares of the company's stock worth $2,226,000 after acquiring an additional 81,606 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of SelectQuote by 317.9% in the first quarter. Oppenheimer & Co. Inc. now owns 52,344 shares of the company's stock worth $175,000 after acquiring an additional 39,818 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Price Performance

Shares of SelectQuote stock opened at $2.05 on Tuesday. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.90. The company has a market cap of $353.42 million, a PE ratio of 40.90 and a beta of 1.27. The business has a 50 day moving average of $2.07 and a 200 day moving average of $2.54. SelectQuote has a 52 week low of $1.62 and a 52 week high of $6.86.

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

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.

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