SelectQuote (NYSE:SLQT) Upgraded to Hold at Zacks Research

Key Points

• SelectQuote has been upgraded to a "hold" rating by Zacks Research, moving it up from a "strong sell" rating.
• The stock currently holds a consensus target price of $4.38, with one analyst rating it as a Strong Buy, three as Hold, and one as Sell.
• Despite a recent increase of 2.3% in stock price, SelectQuote reported a quarterly EPS of ($0.17), slightly exceeding analysts' expectations.

SelectQuote (NYSE:SLQT - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Royal Bank Of Canada cut their price target on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. Weiss Ratings reiterated a "sell (d)" rating on shares of SelectQuote in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.38.

SelectQuote Stock Up 2.3%

SLQT opened at $2.01 on Wednesday. The business has a 50 day moving average price of $2.08 and a 200 day moving average price of $2.31. SelectQuote has a twelve month low of $1.62 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.68 and a current ratio of 5.68. The firm has a market cap of $352.64 million, a P/E ratio of 40.10 and a beta of 1.30.

SelectQuote (NYSE:SLQT - Get Free Report) last issued 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. SelectQuote had a return on equity of 6.35% and a net margin of 3.12%.The company had revenue of $345.10 million during the quarter, compared to analyst estimates of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. Research analysts forecast that SelectQuote will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SLQT. Xponance Inc. acquired a new position in shares of SelectQuote in the first quarter valued at $34,000. Virtu Financial LLC acquired a new position in shares of SelectQuote in the first quarter valued at $34,000. Kapitalo Investimentos Ltda acquired a new position in shares of SelectQuote in the first quarter valued at $35,000. Russell Investments Group Ltd. raised its stake in shares of SelectQuote by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company's stock valued at $38,000 after purchasing an additional 7,675 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of SelectQuote in the first quarter valued at $40,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.