SelectQuote (NYSE:SLQT) Trading 11.4% Higher - What's Next?

Key Points

• SelectQuote shares jumped 11.4% to $0.664 on Monday, with about 1.61 million shares traded—roughly 6% above its average volume.
• Analyst sentiment is mixed: MarketBeat's consensus is a Hold with a $2.92 target, while individual ratings range from Strong Buy to Sell and several firms have ~$3 price targets.
• The company beat the latest quarter (EPS $0.26 vs. $0.17 estimate; revenue $537.1M vs. $530.7M), but sell‑side analysts forecast -$0.07 EPS for the fiscal year; SelectQuote has a market cap of ~$117.1M and a P/E of 66.47.

SelectQuote, Inc. (NYSE:SLQT - Get Free Report)'s share price rose 11.4% on Monday . The stock traded as high as $0.6795 and last traded at $0.6640. Approximately 1,607,800 shares traded hands during trading, an increase of 6% from the average daily volume of 1,518,840 shares. The stock had previously closed at $0.5961.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SLQT shares. Craig Hallum set a $3.00 target price on SelectQuote in a research report on Friday, February 6th. Royal Bank Of Canada dropped their price target on SelectQuote from $5.00 to $3.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings cut SelectQuote from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, March 3rd. Wall Street Zen raised SelectQuote from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Zacks Research upgraded shares of SelectQuote from a "hold" rating to a "strong-buy" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $2.92.

SelectQuote Stock Performance

The firm has a market capitalization of $117.06 million, a P/E ratio of 66.47 and a beta of 1.24. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 1.07. The business's 50 day simple moving average is $1.06 and its two-hundred day simple moving average is $1.49.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. The firm had revenue of $537.10 million for the quarter, compared to the consensus estimate of $530.73 million. Sell-side analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Trading of SelectQuote

Several institutional investors have recently added to or reduced their stakes in SLQT. Millennium Management LLC raised its stake in shares of SelectQuote by 530.1% in the fourth quarter. Millennium Management LLC now owns 1,637,460 shares of the company's stock worth $2,309,000 after purchasing an additional 1,377,577 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of SelectQuote during the fourth quarter valued at $1,186,000. Arrowstreet Capital Limited Partnership increased its holdings in SelectQuote by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company's stock worth $4,596,000 after buying an additional 803,594 shares in the last quarter. American Century Companies Inc. increased its holdings in SelectQuote by 75.4% in the 2nd quarter. American Century Companies Inc. now owns 1,773,882 shares of the company's stock worth $4,222,000 after buying an additional 762,425 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in SelectQuote by 36.3% in the 4th quarter. Captrust Financial Advisors now owns 2,081,209 shares of the company's stock worth $2,935,000 after buying an additional 554,624 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

About SelectQuote

SelectQuote, Inc NYSE: SLQT is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.