New Big Money Means SelectQuote Inc (SLQT) Investors Could Reap Benefit

SelectQuote Inc (NYSE: SLQT) is -13.87% lower on its value in year-to-date trading and has touched a low of $0.86 and a high of $2.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SLQT stock was last observed hovering at around $1.12 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $1.18, the stock is 3.78% and -7.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 5.36% at the moment leaves the stock -17.18% off its SMA200. SLQT registered -19.73% loss for a year compared to 6-month loss of -27.16%. The firm has a 50-day simple moving average (SMA 50) of $0.79 and a 200-day simple moving average (SMA200) of $16.13.

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The stock witnessed a -7.81% gain in the last 1 month and extending the period to 3 months gives it a -9.23%, and is 6.31% 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 7.71% over the week and 6.93% over the month.

SelectQuote Inc (SLQT) has around 4186 employees, a market worth around $197.92M and $1.16B in sales. Profit margin for the company is -4.33%. Distance from 52-week low is 38.00% and -59.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).

SelectQuote Inc quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $297.5M over the same period.The EPS is expected to grow by 54.29% this year, but quarterly earnings will post 12.70% year-over-year.

172 institutions hold shares in SelectQuote Inc (SLQT), with institutional investors hold 51.80% of the company’s shares. The shares outstanding are 166.87M, and float is at 132.51M with Short Float at 0.83%. Institutions hold 46.50% of the Float.

The top institutional shareholder in the company is Brookside Equity Partners, LLC with over 17.68 million shares valued at $34.47 million. The investor’s holdings represent 10.54% of the SLQT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.09 million shares valued at $19.67 million to account for 6.02% of the shares outstanding. The other top investors are Abrams Bison Investments, LLC which holds 7.91 million shares representing 4.72% and valued at over $15.43 million, while Vanguard Group Inc holds 4.07% of the shares totaling 6.82 million with a market value of $13.31 million.

SelectQuote Inc (SLQT) Insider Activity

A total of 20 insider transactions have happened at SelectQuote Inc (SLQT) in the last six months, with sales accounting for 6 and purchases happening 14 times. The most recent transaction is an insider purchase by Matthews Joshua Brandon, the company’s President, SelectQuote Senior. SEC filings show that Matthews Joshua Brandon bought 97,500 shares of the company’s common stock on Sep 18 at a price of $1.16 per share for a total of $0.11 million. Following the purchase, the insider now owns 0.4 million shares.

SelectQuote Inc disclosed in a document filed with the SEC on Sep 15 that GRANT W THOMAS II (Director) bought a total of 220,100 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $1.17 per share for $0.26 million. Following the transaction, the insider now directly holds 0.22 million shares of the SLQT stock.

Still, SEC filings show that on Sep 15, Grant Robert Clay (PRESIDENT) acquired 184,200 shares at an average price of $1.14 for $0.21 million. The insider now directly holds 61,400 shares of SelectQuote Inc (SLQT).

SelectQuote Inc (SLQT): Who are the competitors?

One of the company’s main competitors (and peers) include UnitedHealth Group Inc. (UNH) that is trading 5.23% up over the past 12 months.Elevance Health Inc. (ELV) lies in the list of competitors of the SelectQuote Inc and is 2.32% higher over the same period from SLQTCVS Health Corp. (CVS) is -16.26% down on the 1-year trading charts.