SelectQuote (NYSE:SLQT) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of SelectQuote (NYSE:SLQT) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also recently commented on the company. Zacks Research cut SelectQuote from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Finally, Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.00.

SelectQuote Price Performance

SelectQuote stock opened at $0.55 on Friday. SelectQuote has a 12-month low of $0.48 and a 12-month high of $2.35. The company has a current ratio of 6.57, a quick ratio of 6.57 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $0.74 and a 200-day moving average price of $0.81. The firm has a market capitalization of $97.96 million, a PE ratio of -6.93 and a beta of 1.66.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Tuesday, August 25th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). SelectQuote had a return on equity of 19.70% and a net margin of 3.84%.The firm had revenue of $321.65 million during the quarter, compared to analysts’ expectations of $353.44 million. As a group, equities research analysts forecast that SelectQuote will post -0.2 EPS for the current year.

Institutional Investors Weigh In On SelectQuote

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in shares of SelectQuote by 37.8% during the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company’s stock worth $177,000 after acquiring an additional 14,551 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SelectQuote by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock worth $273,000 after acquiring an additional 4,947 shares in the last quarter. Caxton Associates LLP purchased a new position in SelectQuote during the first quarter valued at approximately $172,000. Acadian Asset Management LLC purchased a new position in shares of SelectQuote in the 1st quarter valued at $514,000. Finally, Creative Planning grew its stake in SelectQuote by 8.5% in the second quarter. Creative Planning now owns 121,597 shares of the company’s stock valued at $289,000 after purchasing an additional 9,504 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.