SelectQuote (NYSE:SLQT) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum started coverage on shares of SelectQuote (NYSE:SLQT) in a research note published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $4.50 target price on the stock.

SelectQuote Trading Up 3.2 %

Shares of NYSE SLQT opened at $2.09 on Monday. SelectQuote has a 1-year low of $1.03 and a 1-year high of $4.46. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. The company has a 50-day moving average of $3.17 and a two-hundred day moving average of $2.78. The company has a market cap of $352.70 million, a PE ratio of -6.52 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. TFB Advisors LLC bought a new stake in shares of SelectQuote during the second quarter worth $29,000. Headlands Technologies LLC bought a new stake in SelectQuote during the 1st quarter worth about $36,000. Public Employees Retirement System of Ohio lifted its position in SelectQuote by 882.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after purchasing an additional 17,916 shares during the period. Quadrature Capital Ltd bought a new position in shares of SelectQuote in the 1st quarter valued at about $40,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of SelectQuote by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after buying an additional 6,555 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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.