SelectQuote (NYSE:SLQT) Downgraded by Wall Street Zen to Hold

SelectQuote (NYSE:SLQT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Separately, Jefferies Financial Group initiated coverage on SelectQuote in a research report on Wednesday, May 21st. They issued a "hold" rating and a $2.75 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $3.75.

SelectQuote Price Performance

NYSE SLQT opened at $2.24 on Friday. The stock's 50-day moving average price is $2.54 and its two-hundred day moving average price is $3.44. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 1.04. The company has a market cap of $386.03 million, a PE ratio of -20.32 and a beta of 1.11. SelectQuote has a 1 year low of $1.62 and a 1 year high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report) last posted 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). The company had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. SelectQuote had a return on equity of 1.17% and a net margin of 0.25%. On average, analysts predict that SelectQuote will post -0.07 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Several hedge funds have recently modified their holdings of SLQT. Rhumbline Advisers lifted its position in SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company's stock worth $780,000 after purchasing an additional 5,235 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of SelectQuote during the fourth quarter valued at $47,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of SelectQuote by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock valued at $4,433,000 after acquiring an additional 10,038 shares during the period. Raymond James Financial Inc. bought a new position in shares of SelectQuote during the fourth quarter valued at $97,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SelectQuote by 23.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company's stock valued at $2,875,000 after acquiring an additional 149,283 shares during the period. 34.59% of the stock is owned by institutional investors.

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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