SelectQuote (NYSE:SLQT) Trading 8.2% Higher – Still a Buy?

Shares of SelectQuote, Inc. (NYSE:SLQT) traded up 8.2% on Tuesday . The stock traded as high as $4.36 and last traded at $4.44. 224,437 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,094,471 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Price Performance

The firm has a market capitalization of $778.31 million, a P/E ratio of -16.23 and a beta of 1.15. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The stock’s fifty day simple moving average is $3.67 and its 200 day simple moving average is $3.11.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The firm had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. On average, equities research analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On SelectQuote

Several hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. purchased a new stake in SelectQuote in the fourth quarter valued at approximately $47,000. Mason Investment Advisory Services Inc. boosted its position in SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares during the last quarter. Algert Global LLC boosted its position in SelectQuote by 147.1% in the second quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after buying an additional 30,019 shares during the last quarter. Intech Investment Management LLC purchased a new stake in SelectQuote in the third quarter valued at approximately $123,000. Finally, Virtu Financial LLC purchased a new stake in SelectQuote in the third quarter valued at approximately $150,000. Institutional investors and hedge funds 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.