SelectQuote’s (SLQT) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of SelectQuote (NYSE:SLQT) in a research note published on Tuesday, Benzinga reports. They currently have a $4.00 price target on the stock.

Separately, Craig Hallum started coverage on shares of SelectQuote in a research note on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Stock Performance

NYSE:SLQT opened at $2.00 on Tuesday. The firm’s fifty day simple moving average is $2.55 and its 200 day simple moving average is $2.80. The company has a debt-to-equity ratio of 2.01, a quick ratio of 6.84 and a current ratio of 6.84. SelectQuote has a twelve month low of $1.03 and a twelve month high of $4.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Friday, September 13th. The company reported ($0.18) EPS for the quarter. The company had revenue of $307.21 million for the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. As a group, research analysts expect that SelectQuote will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SLQT. Jacobs Levy Equity Management Inc. increased its holdings in SelectQuote by 229.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock worth $2,323,000 after purchasing an additional 808,850 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SelectQuote in the second quarter worth $545,000. Panagora Asset Management Inc. raised its holdings in SelectQuote by 85.5% in the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after acquiring an additional 189,029 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SelectQuote by 158.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after acquiring an additional 170,726 shares during the last quarter. Finally, Iridian Asset Management LLC CT acquired a new position in SelectQuote during the 3rd quarter worth $222,000. Hedge funds and other institutional investors 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.