SelectQuote (NYSE:SLQT – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 18th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
SelectQuote Stock Performance
Shares of SelectQuote stock opened at $1.95 on Thursday. The company’s 50 day moving average price is $2.35 and its two-hundred day moving average price is $2.88. The firm has a market capitalization of $320.58 million, a P/E ratio of -1.71 and a beta of 0.79. SelectQuote has a fifty-two week low of $1.65 and a fifty-two week high of $17.54. The company has a debt-to-equity ratio of 1.41, a current ratio of 10.36 and a quick ratio of 10.36.
Analyst Upgrades and Downgrades
Separately, Piper Sandler reduced their price target on shares of SelectQuote from $4.00 to $3.00 in a report on Thursday, May 5th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, SelectQuote has a consensus rating of “Hold” and an average price target of $7.56.
Institutional Investors Weigh In On SelectQuote
Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of SelectQuote by 102.6% during the first quarter. PNC Financial Services Group Inc. now owns 13,523 shares of the company’s stock valued at $37,000 after purchasing an additional 6,848 shares during the period. Hsbc Holdings PLC raised its holdings in SelectQuote by 84.5% in the first quarter. Hsbc Holdings PLC now owns 30,529 shares of the company’s stock worth $86,000 after purchasing an additional 13,982 shares in the last quarter. First Trust Advisors LP raised its holdings in SelectQuote by 14.4% in the first quarter. First Trust Advisors LP now owns 44,433 shares of the company’s stock worth $124,000 after purchasing an additional 5,580 shares in the last quarter. LSV Asset Management acquired a new position in shares of SelectQuote during the first quarter valued at about $175,000. Finally, Graham Capital Management L.P. acquired a new position in shares of SelectQuote during the first quarter valued at about $177,000. Institutional investors own 81.16% of the company’s stock.
SelectQuote Company Profile
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SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance policies to consumers from various insurance carriers 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 policies, including prescription drugs, dental, vision, and hearing plans; term life policies; and non-commercial auto and home property, and casualty policies.
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