SelectQuote, Inc. (NYSE:SLQT) Short Interest Down 21.0% in December

SelectQuote, Inc. (NYSE:SLQT) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,177,638 shares, a decrease of 21.0% from the December 15th total of 2,755,477 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 946,177 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 946,177 shares, the short-interest ratio is presently 2.3 days. Approximately 1.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SLQT shares. Weiss Ratings reissued a “sell (d)” rating on shares of SelectQuote in a research report on Monday, December 29th. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada decreased their target price on SelectQuote from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Finally, Wall Street Zen lowered SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.88.

SelectQuote Stock Performance

Shares of SLQT stock traded down $0.06 during mid-day trading on Monday, reaching $1.62. The stock had a trading volume of 1,090,047 shares, compared to its average volume of 1,100,437. SelectQuote has a one year low of $1.33 and a one year high of $6.86. The firm has a market cap of $284.19 million, a PE ratio of 32.30 and a beta of 1.22. The firm’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.85. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06.

SelectQuote (NYSE:SLQT) last issued its earnings results on Thursday, November 6th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The business had revenue of $328.81 million during the quarter, compared to analyst estimates of $323.68 million. SelectQuote had a return on equity of 10.41% and a net margin of 3.95%. On average, analysts forecast that SelectQuote will post -0.07 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors have recently added to or reduced their stakes in SLQT. Dynamic Technology Lab Private Ltd acquired a new position in shares of SelectQuote in the 3rd quarter worth approximately $27,000. CIBC Bancorp USA Inc. bought a new stake in SelectQuote in the third quarter valued at $29,000. Aquatic Capital Management LLC acquired a new position in SelectQuote during the third quarter worth $29,000. Russell Investments Group Ltd. raised its stake in SelectQuote by 90.7% during the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after acquiring an additional 7,675 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of SelectQuote by 44.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the company’s stock valued at $38,000 after acquiring an additional 6,000 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

About SelectQuote

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.