SelectQuote (SLQT) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SelectQuote in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SLQT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLQT, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1-year target prices for SelectQuote's shares. Their SLQT share price forecasts range from $1.50 to $3.00. On average, they expect the company's stock price to reach $2.17 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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SelectQuote's stock was trading at $0.6719 at the beginning of the year. Since then, SLQT stock has increased by 187.2% and is now trading at $1.93.
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SelectQuote saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,560,000 shares, an increase of 67.9% from the April 15th total of 2,120,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.8% of the shares of the company are sold short.
View SelectQuote's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, September 4th 2023.
View our SLQT earnings forecast.

SelectQuote, Inc. (NYSE:SLQT) issued its quarterly earnings data on Thursday, November, 4th. The company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.31) by $0.03. The firm earned $159.92 million during the quarter, compared to the consensus estimate of $147.95 million. SelectQuote had a negative trailing twelve-month return on equity of 17.64% and a negative net margin of 12.54%. The firm's revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

SelectQuote updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $950.00 million-$970.00 million, compared to the consensus revenue estimate of $939.64 million.

171 employees have rated SelectQuote Chief Executive Officer Tim Danker on Glassdoor.com. Tim Danker has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SelectQuote investors own include Coty (COTY), Designer Brands (DBI), Invesco Mortgage Capital (IVR), Boxlight (BOXL), Cloudera (CLDR), Carnival Co. & (CCL), Energy Transfer (ET), WW International (WW), GTT Communications (GTT) and H&R Block (HRB).

(SLQT) raised $450 million in an IPO on Thursday, May 21st 2020. The company issued 25,000,000 shares at a price of $17.00-$19.00 per share. Credit Suisse, Morgan Stanley, Evercore ISI, RBC Capital Markets, Barclays, Citigroup and Jefferies acted as the underwriters for the IPO and Cantor, Keefe Bruyette & Woods (A Stifel Company), Piper Sandler and Drexel Hamilton were co-managers.

SelectQuote trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLQT."

SelectQuote's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.63%), G2 Investment Partners Management LLC (3.28%), State Street Corp (1.48%), Geode Capital Management LLC (1.46%), Renaissance Technologies LLC (0.87%) and Prudential Financial Inc. (0.82%). Insiders that own company stock include Denise L Devine, Donald L Hawks III, Earl H Devanny III, Matthew Scott Gunter, Raffaele Sadun, Raymond F Weldon, Robert Clay Grant, Ryan Souan, Sq Co-Investors Llc, Timothy Robert Danker, W Thomas Grant II and William Thomas Grant III.
View institutional ownership trends.

Shares of SLQT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLQT stock can currently be purchased for approximately $1.93.

SelectQuote (NYSE:SLQT) has a market capitalization of $321.65 million and generates $764.04 million in revenue each year. The company earns $-297,500,000.00 in net income (profit) each year or ($0.70) on an earnings per share basis.

The company employs 4,367 workers across the globe.

SelectQuote's mailing address is 6800 WEST 115TH STREET SUITE 2511, OVERLAND PARK KS, 66211. The official website for the company is www.selectquote.com. The company can be reached via phone at 913-599-9225 or via email at investorrelations@selectquote.com.