Prosperity Consulting Group LLC Takes Position in SelectQuote, Inc. (NYSE:SLQT)

Prosperity Consulting Group LLC purchased a new stake in SelectQuote, Inc. (NYSE:SLQT – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 18,539 shares of the company’s stock, valued at approximately $133,000.

Several other large investors also recently made changes to their positions in SLQT. Allspring Global Investments Holdings LLC purchased a new position in SelectQuote during the 4th quarter worth $396,000. Dark Forest Capital Management LP purchased a new position in SelectQuote during the 3rd quarter worth $268,000. Raymond James & Associates grew its stake in SelectQuote by 12.8% during the 3rd quarter. Raymond James & Associates now owns 75,866 shares of the company’s stock worth $981,000 after buying an additional 8,620 shares during the last quarter. Cetera Investment Advisers purchased a new position in SelectQuote during the 3rd quarter worth $311,000. Finally, Louisiana State Employees Retirement System grew its stake in SelectQuote by 67.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 100,200 shares of the company’s stock worth $908,000 after buying an additional 40,400 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.

Several analysts have weighed in on SLQT shares. Zacks Investment Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating and set a $2.75 price target on the stock in a research note on Saturday, May 7th. Citigroup downgraded SelectQuote from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $4.00 in a research note on Tuesday, February 8th. Piper Sandler dropped their price target on SelectQuote from $4.00 to $3.00 in a research note on Thursday, May 5th. Royal Bank of Canada dropped their price target on SelectQuote from $13.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 8th. Finally, Credit Suisse Group downgraded SelectQuote from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $4.00 in a research note on Tuesday, February 8th. Nine research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.03.

Shares of SLQT stock traded up $0.33 on Thursday, hitting $2.72. The company had a trading volume of 2,129,271 shares, compared to its average volume of 2,635,854. The firm has a market cap of $447.17 million, a P/E ratio of -2.25 and a beta of 1.32. SelectQuote, Inc. has a twelve month low of $1.93 and a twelve month high of $22.31. The company has a quick ratio of 10.15, a current ratio of 10.36 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $2.47 and a 200-day moving average price of $6.19.

SelectQuote (NYSE:SLQT – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.15. The company had revenue of $275.11 million during the quarter, compared to analysts’ expectations of $259.12 million. SelectQuote had a negative return on equity of 32.30% and a negative net margin of 22.67%. SelectQuote’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities research analysts expect that SelectQuote, Inc. will post -1.47 EPS for the current year.

SelectQuote Profile (Get Rating)

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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