The Vanguard Group, Inc. recently announced the acquisition of new stake in SelectQuote Inc (NYSE:SLQT). The institutional investor has increased its shareholding in the Financial company by 0.39% to 6.73 million shares with purchase of 26208.0 shares. This fresh investment now brings its stake to 4.01% valued currently at $9.21 million. In addition, Mariner LLC raised its holdings by 0.57 million to 3.17 million shares. And Geode Capital Management LLC has lifted its position by 9.29% or 0.23 million shares – to 2.75 million shares.
With over 0.45 million SelectQuote Inc (SLQT) shares trading Friday and a closing price of $1.21 on the day, the dollar volume was approximately $0.54 million. The shares have shown a negative half year performance of -33.88% and its price on 01/12/24 lost nearly -1.63%. Currently, there are 166.87M common shares owned by the public and among those 132.51M shares have been available to trade.
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Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 2,662,682 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 29,564 shares.
The top 3 mutual fund holders in SelectQuote Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 4.32 million shares of the company’s stock, all valued at over $5.93 million. iShares Russell 2000 ETF sold 10368.0 shares to see its total holdings shrink to 3.92 million shares valued at over $5.37 million and representing 2.34% of the shares outstanding. Vanguard Extended Market Index Fu bought 76516.0 shares to bring its total holdings to over 1.81 million shares at a value of $2.48 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.08% of the shares outstanding.
Shares of SelectQuote Inc (NYSE: SLQT) opened at $1.25, up $0.02 from a prior closing price of $1.23. However, the script later moved the day high at 1.2700, down -1.63%. The company’s stock has a 5-day price change of 0.00% and 0.83% over the past three months. SLQT shares are trading -11.68% year to date (YTD), with the 12-month market performance up to 40.68% higher. It has a 12-month low price of $0.65 and touched a high of $2.94 over the same period. SLQT has an average intraday trading volume of 465.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.98%, -9.46%, and -19.39% respectively.
Institutional ownership of SelectQuote Inc (NYSE: SLQT) shares accounts for 35.04% of the company’s 166.87M shares outstanding. Mutual fund holders own 20.66%, while other institutional holders and individual stakeholders account for 22.18% and 12.88% respectively.
It has a market capitalization of $202.95M and a beta (3y monthly) value of 0.44. The earnings-per-share (ttm) stands at -$0.28. The company has a debt-to-equity ratio at 2.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.86% over the week and 6.46% over the month.
Analysts forecast that SelectQuote Inc (SLQT) will achieve an EPS of $0.11 for the current quarter, $0.04 for the next quarter and -$0.04 for 2025. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 54.29%, and 75.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate SelectQuote Inc (SLQT) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SLQT, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on April 01, 2022, with the firm’s price target at $4.
