SelectQuote (NYSE:SLQT) Lowered to "Hold" Rating by Wall Street Zen

Wall Street Zen downgraded shares of SelectQuote (NYSE:SLQT - Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Separately, Jefferies Financial Group started coverage on SelectQuote in a research note on Wednesday, May 21st. They set a "hold" rating and a $2.75 price target for the company. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

SelectQuote Stock Down 0.9%

Shares of NYSE:SLQT traded down $0.02 during trading on Friday, reaching $2.32. 636,443 shares of the company traded hands, compared to its average volume of 1,431,970. The firm has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $3.43. The company has a quick ratio of 6.46, a current ratio of 6.46 and a debt-to-equity ratio of 1.04. SelectQuote has a 1-year low of $1.62 and a 1-year high of $6.86. The firm has a market cap of $400.71 million, a P/E ratio of -21.09 and a beta of 1.11.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). SelectQuote had a return on equity of 1.17% and a net margin of 0.25%. The firm had revenue of $408.16 million for the quarter, compared to analysts' expectations of $412.83 million. Analysts anticipate that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SLQT. Xponance Inc. acquired a new stake in shares of SelectQuote in the first quarter worth about $34,000. Virtu Financial LLC acquired a new position in shares of SelectQuote during the 1st quarter valued at about $34,000. Johnson Investment Counsel Inc. bought a new position in shares of SelectQuote in the 1st quarter valued at approximately $35,000. Kapitalo Investimentos Ltda bought a new position in shares of SelectQuote in the 1st quarter valued at approximately $35,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in SelectQuote in the 1st quarter worth approximately $40,000. 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.