SelectQuote (NYSE:SLQT) Rating Increased to Strong-Buy at Noble Financial

SelectQuote (NYSE:SLQT) was upgraded by equities researchers at Noble Financial to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Price Performance

SLQT opened at $5.62 on Wednesday. The firm has a market capitalization of $963.89 million, a PE ratio of -20.07 and a beta of 1.15. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The business’s 50-day moving average is $3.87 and its two-hundred day moving average is $3.14. SelectQuote has a 1 year low of $1.41 and a 1 year high of $6.86.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. Research analysts anticipate that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SelectQuote

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Investment Advisory Services Inc. raised 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 purchasing an additional 5,000 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of SelectQuote during the fourth quarter worth $47,000. Cibc World Markets Corp acquired a new position in SelectQuote during the fourth quarter valued at $47,000. Raymond James Financial Inc. purchased a new stake in SelectQuote in the fourth quarter valued at $97,000. Finally, Intech Investment Management LLC purchased a new stake in SelectQuote in the third quarter valued at $123,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.