SelectQuote (NYSE:SLQT) Upgraded by Wall Street Zen to Buy Rating

SelectQuote (NYSE:SLQT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

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

SelectQuote Price Performance

SelectQuote stock opened at $2.16 on Friday. The firm has a 50-day moving average price of $2.64 and a 200-day moving average price of $3.46. The firm has a market capitalization of $373.08 million, a PE ratio of -24.00 and a beta of 1.11. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote has a 12-month low of $1.62 and a 12-month high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report) last released its earnings results 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 firm had revenue of $408.16 million during the quarter, compared to the consensus estimate of $412.83 million. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, equities research analysts forecast that SelectQuote will post -0.07 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in SelectQuote during the 1st quarter valued at about $514,000. Caxton Associates LLP purchased a new position in SelectQuote during the 1st quarter valued at about $172,000. Panoramic Capital LLC increased its position in SelectQuote by 141.1% during the 1st quarter. Panoramic Capital LLC now owns 241,082 shares of the company's stock valued at $805,000 after purchasing an additional 141,082 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in SelectQuote by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company's stock valued at $273,000 after purchasing an additional 4,947 shares during the period. Finally, AQR Capital Management LLC increased its position in SelectQuote by 37.8% during the 1st quarter. AQR Capital Management LLC now owns 53,081 shares of the company's stock valued at $177,000 after purchasing an additional 14,551 shares during the period. Institutional investors own 34.59% of the company's stock.

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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