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Evercore ISI Maintains a Hold Rating on SelectQuote (SLQT)

In a report released yesterday, Elizabeth Anderson CFA from Evercore ISI maintained a Hold rating on SelectQuote (SLQTResearch Report), with a price target of $3.00. The company’s shares closed last Friday at $2.58, close to its 52-week low of $1.93.

According to TipRanks.com, CFA is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.3% and a 28.6% success rate. CFA covers the Healthcare sector, focusing on stocks such as Patterson Companies, AmerisourceBergen, and Oak Street Health.

Currently, the analyst consensus on SelectQuote is a Hold with an average price target of $3.54, representing a 37.2% upside. In a report issued on May 5, Piper Sandler also maintained a Hold rating on the stock with a $3.00 price target.

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Based on SelectQuote’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $195 million and GAAP net loss of $137 million. In comparison, last year the company earned revenue of $358 million and had a net profit of $89.86 million.

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SelectQuote Inc is a Direct-to-consumer (DTC) distribution platform which facilitates consumers to shop for health, life and auto & home insurance policies online. The company generates its revenues by selling insurance products on behalf of the insurance carrier partners in the form of commission. It functions through three lines namely, SelectQuote Senior, SelectQuote Life, and SelectQoute Auto & Home.

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