SelectQuote Inc. (NYSE:SLQT)’s traded shares stood at 1.17 million during the last session. At the close of trading, the stock’s price was $2.06, to imply a decrease of -1.90% or -$0.04 in intraday trading. The SLQT share’s 52-week high remains $3.25, putting it -57.77% down since that peak but still an impressive 75.24% since price per share fell to its 52-week low of $0.51. The company has a valuation of $375.64M, with an average of 1.63 million shares in intraday trading volume over the past 10 days and average of 2.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for SelectQuote Inc. (SLQT), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SLQT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.12.
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SelectQuote Inc. (NYSE:SLQT) trade information
After registering a -1.90% downside in the last session, SelectQuote Inc. (SLQT) has traded red over the past five days. The stock hit a weekly high of 2.72 this Wednesday, 03/15/23, dropping -1.90% in its intraday price action. The 5-day price performance for the stock is -22.85%, and 0.00% over 30 days. With these gigs, the year-to-date price performance is 206.59%. Short interest in SelectQuote Inc. (NYSE:SLQT) saw shorts transact 2.52 million shares and set a 3.61 days time to cover.
Analysts on Wall Street suggest a consensus price target of $2.50, implying an increase of 17.6% to the stock’s current value. The extremes give us $1.50 and $3.00 for target low and target high price respectively. As such, SLQT has been trading -45.63% off suggested target high and 27.18% from its likely low.
SelectQuote Inc. (SLQT) estimates and forecasts
Revenue is forecast to shrink -200.00% this quarter before jumping 41.20% for the next one. The rating firms project that company’s revenue will grow 22.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $259.91 million. Meanwhile, for the quarter ending Jun 2023, a total of 2 analyst(s) estimate revenue growth to $195.66 million.Earnings reports from the last fiscal year show that sales brought in $275.11 million and $139.39 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.50% before jumping 40.40% in the following quarter.
SelectQuote Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. SelectQuote Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
SelectQuote Inc. (NYSE:SLQT)’s Major holders
SelectQuote Inc. insiders hold 12.48% of total outstanding shares, with institutional holders owning 62.27% of the shares at 71.15% float percentage. In total, 62.27% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 20.22 million shares (or 12.14% of shares), all amounting to roughly $14.76 million.
The next major institution holding the largest number of shares is Brookside Equity Partners, LLC with 17.68 million shares, or about 10.62% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $12.91 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the SelectQuote Inc. (SLQT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 4.32 million shares. This is just over 2.60% of the total shares, with a market valuation of $3.16 million. Data from the same date shows that the other fund manager holds a little less at 3.06 million, or 1.84% of the shares, all valued at about 2.06 million.