SelectQuote (NYSE:SLQT) Shares Gap Up – What’s Next?

SelectQuote, Inc. (NYSE:SLQT) gapped up before the market opened on Tuesday . The stock had previously closed at $3.15, but opened at $3.55. SelectQuote shares last traded at $3.50, with a volume of 245,518 shares.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

SelectQuote Stock Up 8.5 %

The stock has a market capitalization of $588.39 million, a price-to-earnings ratio of -38.17 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The business has a fifty day moving average of $4.21 and a 200 day moving average of $3.33.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, equities analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Insider Buying and Selling at SelectQuote

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now owns 1,166 shares in the company, valued at approximately $6,343.04. The trade was a 97.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.40% of the company’s stock.

Institutional Trading of SelectQuote

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in SelectQuote by 1.3% during the 4th quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock worth $754,000 after buying an additional 2,674 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SelectQuote by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock worth $286,000 after acquiring an additional 3,352 shares during the period. Invesco Ltd. increased its position in shares of SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after acquiring an additional 3,776 shares during the period. Rhumbline Advisers raised its stake in shares of SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after acquiring an additional 5,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in SelectQuote by 16.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,819 shares of the company’s stock valued at $193,000 after purchasing an additional 7,322 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Company Profile

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.