SelectQuote Inc. [NYSE: SLQT] surged by $0.47 during the normal trading session on Tuesday and reaching a high of $14.03 during the day while it closed the day at $13.83. The company report on September 15, 2021 that SLQT ALERT – Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating SelectQuote, Inc. (NYSE:SLQT) for Potential Securities Violations and Breach of Fiduciary Duty.
Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against SelectQuote, Inc. (NYSE:SLQT).
On May 11, 2021, SelectQuote held a conference call in connection with its third quarter 2021 financial results during which it disclosed that its fourth quarter results would be impacted by a “negative cohort and tail adjustment” due to “lower second-term persistency for the 2019 cohort.”.
SelectQuote Inc. stock has also gained 10.38% of its value over the past 7 days. However, SLQT stock has declined by -31.53% in the 3 months of the year. Over the past six months meanwhile, it has lost -52.23% and lost -33.35% year-on date.
The market cap for SLQT stock reached $2.29 billion, with 163.44 million shares outstanding and 102.95 million shares in the current float. Compared to the average trading volume of 2.55M shares, SLQT reached a trading volume of 4549881 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about SelectQuote Inc. [SLQT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLQT shares is $21.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLQT stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for SelectQuote Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on August 26, 2021. While these analysts kept the previous recommendation, Keefe Bruyette dropped their target price from $30 to $13.50. The new note on the price target was released on August 26, 2021, representing the official price target for SelectQuote Inc. stock. Previously, the target price had yet another raise to $39, while Piper Sandler analysts kept a Overweight rating on SLQT stock.
The Average True Range (ATR) for SelectQuote Inc. is set at 1.03, with the Price to Sales ratio for SLQT stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 3.35, with the Price to Cash per share for the same quarter was set at 1.73.
SLQT stock trade performance evaluation
SelectQuote Inc. [SLQT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.38. With this latest performance, SLQT shares gained by 0.95% in over the last four-week period, additionally sinking by -52.23% over the last 6 months – not to mention a drop of -41.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLQT stock in for the last two-week period is set at 52.76, with the RSI for the last a single of trading hit 60.46, and the three-weeks RSI is set at 48.28 for SelectQuote Inc. [SLQT]. The present Moving Average for the last 50 days of trading for this stock 15.22, while it was recorded at 13.11 for the last single week of trading, and 22.53 for the last 200 days.
SelectQuote Inc. [SLQT]: An insightful look at the core fundamentals
SelectQuote Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 4.50.
Earnings per share (EPS) analysis for SelectQuote Inc. [SLQT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLQT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SelectQuote Inc. go to 42.04%.
SelectQuote Inc. [SLQT]: Insider Ownership positions
There are presently around $1,536 million, or 67.70% of SLQT stock, in the hands of institutional investors. The top three institutional holders of SLQT stocks are: BROOKSIDE EQUITY PARTNERS LLC with ownership of 17,678,757, which is approximately 0% of the company’s market cap and around 3.70% of the total institutional ownership; BLACKROCK INC., holding 10,854,227 shares of the stock with an approximate value of $150.11 million in SLQT stocks shares; and VANGUARD GROUP INC, currently with $147.42 million in SLQT stock with ownership of nearly 0.416% of the company’s market capitalization.
114 institutional holders increased their position in SelectQuote Inc. [NYSE:SLQT] by around 14,199,037 shares. Additionally, 84 investors decreased positions by around 15,355,998 shares, while 18 investors held positions by with 81,501,009 shares. The mentioned changes placed institutional holdings at 111,056,044 shares, according to the latest SEC report filing. SLQT stock had 48 new institutional investments in for a total of 2,274,190 shares, while 37 institutional investors sold positions of 3,479,481 shares during the same period.