SelectQuote Inc. (NYSE: SLQT) is 44.63% higher on its value in year-to-date trading and has touched a low of $15.76 and a high of $29.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLQT stock was last observed hovering at around $29.43 in the last trading session, with the day’s gains setting it 0.58% off its average median price target of $34.00 for the next 12 months. It is also 21.03% off the consensus price target high of $38.00 offered by 9 analysts, but current levels are -11.15% lower than the price target low of $27.00 for the same period.
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Currently trading at $30.01, the stock is 19.16% and 26.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing 1.97% at the moment leaves the stock 34.99% off its SMA200. SLQT registered a gain of 49.30% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $24.34 and a 200-day simple moving average (SMA200) of $21.37.
The stock witnessed a 20.09% loss in the last 1 month and extending the period to 3 months gives it a 47.32%, and is 10.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.52% over the week and 4.60% over the month.
SelectQuote Inc. (SLQT) has around 1900 employees, a market worth around $4.66B and $772.49M in sales. Fwd P/E is 23.52. Distance from 52-week low is 90.42% and 1.73% from its 52-week high. The company has generated returns on investments over the last 12 months (12.50%).
SelectQuote Inc. (SLQT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SelectQuote Inc. (SLQT) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SelectQuote Inc. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $260.74M over the same period.The EPS is expected to shrink by -126.60% this year, but quarterly earnings will post 76.10% year-over-year.
SelectQuote Inc. (SLQT) Top Institutional Holders
165 institutions hold shares in SelectQuote Inc. (SLQT), with 47.54M shares held by insiders accounting for 29.18% while institutional investors hold 69.39% of the company’s shares. The shares outstanding are 162.65M, and float is at 94.08M with Short Float at 7.97%. Institutions hold 49.13% of the Float.
The top institutional shareholder in the company is JP Morgan Chase & Company with over 7.3 million shares valued at $147.8 million. The investor’s holdings represent 4.48% of the SLQT Shares outstanding. As of Sep 29, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 6.14 million shares valued at $124.32 million to account for 3.77% of the shares outstanding. The other top investors are Soros Fund Management LLC which holds 5.56 million shares representing 3.41% and valued at over $112.5 million, while Bank Of New York Mellon Corporation holds 2.39% of the shares totaling 3.9 million with a market value of $80.93 million.
SelectQuote Inc. (SLQT) Insider Activity
A total of 76 insider transactions have happened at SelectQuote Inc. (SLQT) in the last six months, with sales accounting for 75 and purchases happening 1 times. The most recent transaction is an insider sale by Gunter Matthew Scott, the company’s See Remarks. SEC filings show that Gunter Matthew Scott sold 25,000 shares of the company’s common stock on Feb 19 at a price of $29.02 per share for a total of $0.73 million. Following the sale, the insider now owns 0.3 million shares.
SelectQuote Inc. disclosed in a document filed with the SEC on Feb 16 that Sadun Raffaele (CHIEF FINANCIAL OFFICER) sold a total of 64,400 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $27.59 per share for $1.78 million. Following the transaction, the insider now directly holds 0.81 million shares of the SLQT stock.
Still, SEC filings show that on Feb 12, Sadun Raffaele (CHIEF FINANCIAL OFFICER) disposed off 100 shares at an average price of $27.50 for $2750.0. The insider now directly holds 869,858 shares of SelectQuote Inc. (SLQT).