SelectQuote (NYSE:SLQT) Shares Down 10.4%

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) dropped 10.4% on Monday . The stock traded as low as $3.15 and last traded at $3.29. Approximately 385,986 shares were traded during trading, a decline of 54% from the average daily volume of 830,465 shares. The stock had previously closed at $3.67.SelectQuote Stock Down 11.2 %The company has a debt-to-equity ratio of 1.87, a current ratio of 6.34 and a quick ratio of 6.34. The stock's 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $2.32. The firm has a market cap of $551.46 million, a P/E ratio of -11.47 and a beta of 1.08. SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. SelectQuote had a negative return on equity of 12.03% and a negative net margin of 4.12%. The firm had revenue of $376.40 million during the quarter, compared to analyst estimates of $341.80 million. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, research analysts forecast that SelectQuote, Inc. will post -0.21 earnings per share for the current year. Institutional Investors Weigh In On SelectQuoteInstitutional investors and hedge funds have recently made changes to their positions in the company. TFB Advisors LLC bought a new position in SelectQuote in the 2nd quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new stake in shares of SelectQuote during the first quarter valued at $36,000. Public Employees Retirement System of Ohio increased its holdings in SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company's stock worth $40,000 after buying an additional 17,916 shares in the last quarter. Quadrature Capital Ltd purchased a new position in SelectQuote in the 1st quarter worth about $40,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in SelectQuote by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company's stock valued at $83,000 after acquiring an additional 6,555 shares during the period. Institutional investors own 34.59% of the company's stock. About SelectQuote (Get Free Report)SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.Read MoreFive stocks we like better than SelectQuoteWhy is the Ex-Dividend Date Significant to Investors?Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?Investing in Travel Stocks BenefitsTexas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3% Roth IRA Calculator: Calculate Your Potential ReturnsWhy Warren Buffett Just Sold Half His Stake in Apple StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Tech Legend Warns: “Prepare for “Exegesis AI” (From Brownstone Research) (Ad)Should you invest $1,000 in SelectQuote right now?Before you consider SelectQuote, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SelectQuote wasn't on the list.While SelectQuote currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here