Weiss Ratings Reiterates Sell (D) Rating for SelectQuote (NYSE:SLQT)

Key Points

• Weiss Ratings has reiterated a "Sell (D)" rating for SelectQuote (NYSE:SLQT), reflecting ongoing concerns about the company's stock performance.
• Royal Bank Of Canada has lowered its target price for SelectQuote from $7.00 to $6.00, indicating a cautious outlook compared to a consensus rating of "Hold" across analysts.
• After a small gain in midday trading, SelectQuote's stock is currently at $1.98, significantly below its twelve-month high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada cut their target price on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Wall Street Zen cut SelectQuote from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Zacks Research cut SelectQuote from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.38.

SelectQuote Trading Up 1.0%

SLQT stock traded up $0.02 during midday trading on Wednesday, reaching $1.98. The stock had a trading volume of 692,357 shares, compared to its average volume of 998,518. The business has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $2.42. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.90. The firm has a market cap of $348.24 million, a price-to-earnings ratio of 39.60 and a beta of 1.30. SelectQuote has a twelve month low of $1.62 and a twelve month high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its earnings results on Thursday, August 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.01. The company had revenue of $345.10 million during the quarter, compared to analyst estimates 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, research analysts expect that SelectQuote will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

A number of large investors have recently added to or reduced their stakes in SLQT. New York State Teachers Retirement System acquired a new position in SelectQuote in the 1st quarter valued at $41,000. TriaGen Wealth Management LLC grew its holdings in SelectQuote by 2,873.2% in the 2nd quarter. TriaGen Wealth Management LLC now owns 1,055,500 shares of the company's stock valued at $2,512,000 after buying an additional 1,020,000 shares in the last quarter. American Century Companies Inc. grew its holdings in SelectQuote by 224.2% in the 1st quarter. American Century Companies Inc. now owns 1,011,457 shares of the company's stock valued at $3,378,000 after buying an additional 699,457 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in SelectQuote by 317.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 52,344 shares of the company's stock valued at $175,000 after buying an additional 39,818 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in SelectQuote in the 1st quarter valued at $35,000. Institutional investors own 34.59% of the company's stock.

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.

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.