SelectQuote (NYSE:SLQT) Director Donald Hawks III Buys 26,598 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III purchased 26,598 shares of the stock in a transaction dated Friday, November 6th. The stock was bought at an average cost of $0.44 per share, with a total value of $11,703.12. Following the completion of the purchase, the director owned 539,812 shares in the company, valued at $237,517.28. The trade was a 5.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SelectQuote Trading Up 2.6%

SLQT stock traded up $0.01 during midday trading on Tuesday, hitting $0.46. 547,605 shares of the company’s stock were exchanged, compared to its average volume of 1,550,047. SelectQuote, Inc. has a one year low of $0.30 and a one year high of $1.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 6.57 and a current ratio of 7.48. The company has a market cap of $82.28 million, a PE ratio of -15.30 and a beta of 2.01. The stock’s fifty day moving average price is $0.42 and its 200-day moving average price is $0.75.

SelectQuote (NYSE:SLQT) last announced its earnings results on Wednesday, November 4th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.12. SelectQuote had a net margin of 4.61% and a return on equity of 22.48%. The firm had revenue of $280.01 million for the quarter, compared to the consensus estimate of $277.91 million. Research analysts predict that SelectQuote, Inc. will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SelectQuote

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

Analysts Set New Price Targets

SLQT has been the topic of several recent research reports. Weiss Ratings downgraded SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Wall Street Zen downgraded SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.