SelectQuote, Inc. (NYSE:SLQT) Short Interest Down 33.8% in February

SelectQuote, Inc. (NYSE:SLQT) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,570,000 shares, a decrease of 33.8% from the January 31st total of 2,370,000 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is presently 0.9 days.

Insider Activity at SelectQuote

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the sale, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. This represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SelectQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in SLQT. Mason Investment Advisory Services Inc. increased its stake in shares of SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after acquiring an additional 5,000 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of SelectQuote in the fourth quarter worth $46,000. Oppenheimer & Co. Inc. acquired a new stake in SelectQuote during the fourth quarter valued at $47,000. Cibc World Markets Corp acquired a new stake in SelectQuote during the fourth quarter valued at $47,000. Finally, Bayesian Capital Management LP acquired a new stake in SelectQuote during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

SelectQuote Trading Down 1.5 %

Shares of SelectQuote stock opened at $4.56 on Friday. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote has a 12-month low of $1.48 and a 12-month high of $6.86. The firm has a market capitalization of $784.98 million, a price-to-earnings ratio of -50.67 and a beta of 1.15. The firm’s 50 day simple moving average is $4.41 and its two-hundred day simple moving average is $3.28.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. Analysts predict that SelectQuote will post -0.07 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.