SelectQuote (NYSE:SLQT) Downgraded by Zacks Research to Strong Sell

SelectQuote (NYSE:SLQT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on SLQT. Wall Street Zen cut shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings cut SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SelectQuote has a consensus rating of “Hold” and a consensus price target of $3.00.

SelectQuote Stock Performance

Shares of NYSE:SLQT opened at $0.52 on Thursday. The company has a market capitalization of $92.42 million, a price-to-earnings ratio of -6.54 and a beta of 1.66. The firm’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.57 and a quick ratio of 5.63. SelectQuote has a fifty-two week low of $0.48 and a fifty-two week high of $2.35.

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

Institutional Trading of SelectQuote

A number of institutional investors have recently modified their holdings of SLQT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in SelectQuote by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after buying an additional 4,947 shares during the last quarter. Russell Investments Group Ltd. boosted its position in SelectQuote by 90.7% during the 2nd 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 during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SelectQuote by 9.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock worth $218,000 after acquiring an additional 7,960 shares in the last quarter. Creative Planning grew its stake in shares of SelectQuote by 8.5% during the 2nd quarter. Creative Planning now owns 121,597 shares of the company’s stock worth $289,000 after acquiring an additional 9,504 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of SelectQuote in the third quarter valued at approximately $27,000. 34.59% of the stock is currently owned by 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.