SelectQuote (NYSE:SLQT) Research Coverage Started at Craig Hallum

Research analysts at Craig Hallum started coverage on shares of SelectQuote (NYSE:SLQT) in a research note issued to investors on Monday, Briefing.com reports. The firm set a “buy” rating and a $4.50 price target on the stock. Craig Hallum’s price target suggests a potential upside of 129.59% from the company’s current price.

SelectQuote Price Performance

Shares of SLQT opened at $1.96 on Monday. SelectQuote has a twelve month low of $1.03 and a twelve month high of $4.46. The firm’s fifty day simple moving average is $3.29 and its 200-day simple moving average is $2.77. The firm has a market capitalization of $331.55 million, a price-to-earnings ratio of -6.13 and a beta of 1.08. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. TFB Advisors LLC purchased a new position in shares of SelectQuote in the 2nd quarter valued at $29,000. Headlands Technologies LLC purchased a new position in shares of SelectQuote in the 1st quarter valued at $36,000. Quadrature Capital Ltd purchased a new position in shares of SelectQuote in the 1st quarter valued at $40,000. Public Employees Retirement System of Ohio grew its position in shares of SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after buying an additional 17,916 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of SelectQuote by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after buying an additional 6,555 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.