SelectQuote (NYSE:SLQT) COO Buys $40,596.00 in Stock

SelectQuote, Inc. (NYSE:SLQT) COO William Grant, III bought 79,600 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $0.51 per share, for a total transaction of $40,596.00. Following the purchase, the chief operating officer directly owned 3,468,094 shares in the company, valued at approximately $1,768,727.94. This represents a 2.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

SelectQuote Stock Up 2.6%

Shares of NYSE SLQT traded up $0.01 on Tuesday, reaching $0.46. 547,605 shares of the company’s stock traded hands, compared to its average volume of 1,550,047. SelectQuote, Inc. has a 12 month low of $0.30 and a 12 month high of $1.76. The company has a market cap of $82.28 million, a price-to-earnings ratio of -15.30 and a beta of 2.01. The business’s 50 day simple moving average is $0.42 and its two-hundred day simple moving average is $0.75. The company has a quick ratio of 6.57, a current ratio of 7.48 and a debt-to-equity ratio of 1.16.

SelectQuote (NYSE:SLQT) last issued its earnings results on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.12. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. The business had revenue of $280.01 million for the quarter, compared to the consensus estimate of $277.91 million. As a group, equities research analysts forecast that SelectQuote, Inc. will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

Several institutional investors have recently made changes to their positions in SLQT. BlackRock Inc. acquired a new stake in SelectQuote in the second quarter valued at approximately $1,836,000. GSA Capital Partners LLP purchased a new stake in SelectQuote during the 2nd quarter valued at about $1,123,000. Renaissance Technologies LLC increased its holdings in shares of SelectQuote by 817.6% in the first quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after purchasing an additional 909,939 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of SelectQuote in the second quarter valued at about $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SelectQuote during the 2nd quarter worth approximately $461,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SLQT has been the topic of a number of research reports. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.00.

About SelectQuote

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.