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why did selectquote stock drop

by Clara Daugherty Published 3 years ago Updated 2 years ago
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SelectQuote, Inc. (NYSE

NYSE

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: SLQT) shares tumbled 44% to $8.07 after the company reported worse-than-expected Q4 earnings. RBC Capital downgraded SelectQuote from Outperform to Sector Perform and lowered the price target from $33 to $13.

Shares of SelectQuote have shed nearly 50% of their value after posting a horrendous Q2 earnings print.Feb 22, 2022

Full Answer

Why is SelectQuote stock trading lower Tuesday morning?

Aug 27, 2021 · SelectQuote ( SLQT 3.10% ) shareholders endured sharp losses this week, with the stock falling roughly 40% by early Friday morning, according to data provided by S&P Global Market Intelligence ...

Who holds SelectQuote's stock?

May 12, 2021 · Since going public earlier last year, SelectQuote has gained very little traction, with its stock trading down since the initial pop on the day …

What is the price targets for SelectQuote's stock?

Feb 08, 2022 · Feb. 8, 2022, 09:12 AM. SelectQuote Inc (NYSE: SLQT) shares are trading lower by 54.4% at $2.98 Tuesday morning after the company reported second-quarter EPS and sales were down year-over-year ...

When did SelectQuote IPO?

Aug 26, 2021 · Here's the news driving a drop of more than 40% in SLQT stock today. Today, investors in SelectQuote (NYSE: SLQT) are seeing dramatic declines. Indeed, at the time of writing, SLQT stock has ...

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Is SelectQuote a good investment?

To sum it up, the stock is undervalued, but SelectQuote's strong growth rate, its dominance in senior insurance policies, expanding product portfolio, and growing addressable markets, makes it a good investment for the long haul.

Will SelectQuote stock go up?

Stock Price Forecast The 8 analysts offering 12-month price forecasts for SelectQuote Inc have a median target of 3.50, with a high estimate of 4.00 and a low estimate of 2.50. The median estimate represents a +59.82% increase from the last price of 2.19.

When did SelectQuote go public?

May 2020SelectQuote went public in May 2020 at $20 a share.Feb 7, 2022

Is SelectQuote publicly traded?

--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE: SLQT), a pioneer in providing consumers with unbiased price comparisons from some of the most trusted insurance carriers, today announced the pricing of its initial public offering of 28,500,000 shares of its common stock at a price of $20.00 per share.May 20, 2020

How much did SelectQuote sell for?

A Quick Take On SelectQuote SelectQuote (SLQT) went public in May 2020, in a $570 million IPO when the company raised $360 million and selling shareholders sold $210 million of stock. The firm operates a group of insurance exchanges of home, auto, Medicare and life insurance services.Dec 3, 2021

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What happened

Shares of the insurance platform SelectQuote ( SLQT -4.64% ) traded nearly 20% lower as of 11 a.m. today after the company reported earnings results for its most recent quarter.

So what

The company, which provides a platform that assists consumers in purchasing senior health, life, auto, and home insurance policies from a curated panel of insurance carriers, reported net income of nearly $36.5 million on total revenues of nearly $267 million for the three months ended March 31.

Now what

Since going public earlier last year, SelectQuote has gained very little traction, with its stock trading down since the initial pop on the day it listed.

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Who is the CEO of SelectQuote?

(NYSE: SLQT), a pioneer in providing consumers with unbiased price comparisons from some of the most trusted insurance carriers, announced today that Chief Executive Officer, Tim Danker, and Chief Financial Officer, Raff Sadun, will participate in a virtual fireside chat at RBC’s Global Healthcare Conference on May 18, 2021. The event will begin at approximately 1:55pm ET.

When will the class action lawsuit be filed against SelectQuote?

("SelectQuote" or the "Company") (NYSE: SLQT) from February 8, 2021 through May 11, 2021 (the "Class Period").

SLQT Stock Overview

SelectQuote, Inc. operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance policies to consumers from various insurance carriers in the United States.

Valuation

Is SelectQuote undervalued compared to its fair value and its price relative to the market?

Future Growth

How is SelectQuote forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Dividend

What is SelectQuote current dividend yield, its reliability and sustainability?

Management

How experienced are the management team and are they aligned to shareholders interests?

Ownership

Who are the major shareholders and have insiders been buying or selling?

About SelectQuote

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property.

SelectQuote (NYSE:SLQT) Frequently Asked Questions

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SelectQuote in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SelectQuote stock.

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