SelectQuote (NYSE:SLQT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SelectQuote (NYSE:SLQT - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Separately, Jefferies Financial Group started coverage on SelectQuote in a research note on Wednesday, May 21st. They issued a "hold" rating and a $2.75 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, SelectQuote has an average rating of "Moderate Buy" and a consensus price target of $3.75.

SelectQuote Stock Performance

SLQT stock traded down $0.10 during trading on Friday, reaching $2.20. 586,679 shares of the company's stock were exchanged, compared to its average volume of 1,427,759. 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 company's fifty day moving average price is $2.60 and its 200-day moving average price is $3.46. The firm has a market cap of $379.12 million, a PE ratio of -19.95 and a beta of 1.11.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $412.83 million. On average, research analysts expect that SelectQuote will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of SelectQuote during the first quarter worth $514,000. Caxton Associates LLP acquired a new stake in shares of SelectQuote during the first quarter worth $172,000. Panoramic Capital LLC raised its position in shares of SelectQuote by 141.1% during the first quarter. Panoramic Capital LLC now owns 241,082 shares of the company's stock worth $805,000 after purchasing an additional 141,082 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of SelectQuote by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company's stock worth $273,000 after purchasing an additional 4,947 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of SelectQuote by 37.8% during the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company's stock worth $177,000 after purchasing an additional 14,551 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

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.