SelectQuote (NYSE:SLQT) Receives Sell (D) Rating from Weiss Ratings

Key Points

• SelectQuote's stock has been given a "sell (d)" rating by Weiss Ratings, following recent fluctuations in analyst ratings.
• Despite a positive earnings report exceeding consensus estimates, the stock's current average price target is $4.38, with a consensus rating of "Hold".
• The company has seen recent investment activity from various institutional investors, with 34.59% of the stock now owned by institutions.

SelectQuote (NYSE:SLQT - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the company. Zacks Research raised SelectQuote from a "strong sell" rating to a "hold" rating in a report on Wednesday. Royal Bank Of Canada cut their price objective on shares of SelectQuote from $7.00 to $6.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.38.

SelectQuote Stock Up 2.8%

Shares of NYSE SLQT opened at $2.06 on Friday. The firm has a market cap of $361.43 million, a price-to-earnings ratio of 41.10 and a beta of 1.30. SelectQuote has a 1 year low of $1.62 and a 1 year high of $6.86. The stock's 50-day simple moving average is $2.08 and its 200-day simple moving average is $2.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.68 and a current ratio of 5.68.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.01. The business 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 analysts anticipate that SelectQuote will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

Several institutional investors have recently made changes to their positions in SLQT. Virtu Financial LLC bought a new stake in shares of SelectQuote in the first quarter worth $34,000. Xponance Inc. acquired a new stake in shares of SelectQuote in the 1st quarter worth about $34,000. Kapitalo Investimentos Ltda purchased a new stake in SelectQuote in the 1st quarter valued at about $35,000. Nations Financial Group Inc. IA ADV bought a new position in shares of SelectQuote during the 1st quarter valued at approximately $40,000. Finally, Headlands Technologies LLC grew its position in shares of SelectQuote by 86.7% during the 1st quarter. Headlands Technologies LLC now owns 12,398 shares of the company's stock valued at $41,000 after acquiring an additional 5,756 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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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