SelectQuote Inc (NYSE: SLQT) Surprises Bears, Looks Strong In The Long Term

In the last trading session, 1.06 million SelectQuote Inc (NYSE:SLQT) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $2.29 changed hands at -$0.03 or -1.29% during last session, the market valuation stood at $395.53M. SLQT’s last price was a discount, traded about -199.56% off its 52-week high of $6.86. The share price had its 52-week low at $1.62, which suggests the last value was 29.26% up since then.

Analysts gave the SelectQuote Inc (SLQT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SLQT as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. SelectQuote Inc’s EPS for the current quarter is expected to be 0.

SelectQuote Inc (NYSE:SLQT) trade information

Instantly SLQT was in red as seen at the end of in last trading. With action -14.23%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.44%, with the 5-day performance at -14.23% in the red. However, in the 30-day time frame, SelectQuote Inc (NYSE:SLQT) is -28.21% down.

The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -14.5% from its current market value. According to analyst projections, SLQT’s forecast low is 1.5 with 3 as the target high. To hit the forecast high, the stock’s price needs a -31.0% plunge from its current level, while the stock would need to tank 34.5% for it to hit the projected low.

SelectQuote Inc (SLQT) estimates and forecasts

Year-over-year growth is forecast to reach 15.30% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 342.55M. 2 analysts are of the opinion that SelectQuote Inc’s revenue for the current quarter will be 367.14M. The company’s revenue for the corresponding quarters a year ago was 307.21M and 292.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.51%. The estimates for the next quarter sales put growth at 25.62%.

The 2025 estimates are for SelectQuote Inc earnings to increase by 65.00%.

SLQT Dividends

SelectQuote Inc is expected to release its next quarterly earnings report in June.

ABRAMS BISON INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 4.6943% or 7.91 million shares worth $21.83 million as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 4.07 shares estimated at $9.32 million under it, the former controlled 2.36% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.18% of the shares, roughly 3.76 shares worth around $8.62 million.

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