NYSE:SLQT’s (NYSE:SLQT) Quiet Period To Expire on June 30th
NYSE:SLQT’s (NYSE:SLQT) quiet period is set to expire on Tuesday, June 30th. NYSE:SLQT had issued 28,500,000 shares in its IPO on May 21st. The total size of the offering was $570,000,000 based on an initial share price of $20.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
SLQT has been the subject of several analyst reports. Evercore ISI initiated coverage on shares of NYSE:SLQT in a research report on Monday, June 15th. They issued an “outperform” rating and a $32.00 target price for the company. ValuEngine raised shares of NYSE:SLQT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Jefferies Financial Group initiated coverage on NYSE:SLQT in a report on Monday, June 15th. They set a “hold” rating and a $29.00 price objective on the stock. Piper Sandler initiated coverage on NYSE:SLQT in a report on Monday, June 15th. They set an “overweight” rating and a $32.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on NYSE:SLQT in a report on Monday, June 15th. They set an “equal weight” rating and a $29.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.33.
SLQT stock opened at $25.37 on Tuesday. NYSE:SLQT has a 1-year low of $24.52 and a 1-year high of $29.00.
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