SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 3,318,984 shares, an increase of 33.9% from the January 29th total of 2,478,673 shares. Based on an average daily volume of 2,504,145 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.2% of the company’s stock are short sold. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 2,504,145 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SLQT. American Century Companies Inc. boosted its holdings in shares of SelectQuote by 75.4% during the 2nd quarter. American Century Companies Inc. now owns 1,773,882 shares of the company’s stock worth $4,222,000 after buying an additional 762,425 shares during the period. Los Angeles Capital Management LLC lifted its position in SelectQuote by 494.7% during the second quarter. Los Angeles Capital Management LLC now owns 563,432 shares of the company’s stock worth $1,341,000 after acquiring an additional 468,692 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of SelectQuote by 181.4% during the second quarter. SG Americas Securities LLC now owns 275,024 shares of the company’s stock worth $655,000 after acquiring an additional 177,296 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SelectQuote by 5.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,321,886 shares of the company’s stock worth $3,146,000 after acquiring an additional 70,058 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of SelectQuote in the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

SelectQuote Stock Up 0.8%

SelectQuote stock traded up $0.01 during mid-day trading on Monday, reaching $0.87. The company’s stock had a trading volume of 792,169 shares, compared to its average volume of 1,505,849. The company has a debt-to-equity ratio of 1.07, a quick ratio of 5.65 and a current ratio of 5.65. SelectQuote has a 12 month low of $0.81 and a 12 month high of $4.74. The business’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.66. The company has a market capitalization of $152.83 million, a price-to-earnings ratio of 86.78 and a beta of 1.24.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $537.10 million during the quarter, compared to the consensus estimate of $530.73 million. SelectQuote had a net margin of 4.80% and a return on equity of 14.85%. As a group, research analysts anticipate that SelectQuote will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Craig Hallum set a $3.00 price target on shares of SelectQuote in a research note on Friday, February 6th. Zacks Research raised shares of SelectQuote from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada lowered their target price on SelectQuote from $5.00 to $3.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Weiss Ratings raised SelectQuote from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Finally, Wall Street Zen raised SelectQuote from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2.92.

SelectQuote Company Profile

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.