Why is SelectQuote stock trading lower Tuesday morning?
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 ...
Who sold slqt stock in the last quarter?
Mar 02, 2021 · Shares of the insurance platform SelectQuote ( NYSE:SLQT) dropped by more than 11% today after the company announced a proposed secondary offering of common stock.
Should you hold SelectQuote (slqt)?
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 ...
Is SelectQuote's stock a buy for dividend growth?
May 12, 2021 · What happened. Shares of the insurance platform SelectQuote ( SLQT-1.89%) traded nearly 20% lower as of 11 a.m. today after the company reported earnings results for its most recent quarter.. So ...
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 +69.08% increase from the last price of 2.07.
Is SLQT stock a buy?
Out of 7 analysts, 1 (14.29%) are recommending SLQT as a Strong Buy, 0 (0%) are recommending SLQT as a Buy, 6 (85.71%) are recommending SLQT as a Hold, 0 (0%) are recommending SLQT as a Sell, and 0 (0%) are recommending SLQT as a Strong Sell. What is SLQT's earnings growth forecast for 2022-2024?
Is SelectQuote a public company?
SelectQuote went public in May 2020 at $20 a share.Feb 7, 2022
How does SelectQuote make money?
How does Select Quote make money? The honest answer is SelectQuote, like all life insurance agents, makes a commission on every insurance policy they sell. This commission is paid by the life insurance company and not the buyer.Feb 1, 2022
Who are SelectQuote's competitors?
SelectQuote's top competitors include eFinancial, PolicyGenius, ADNIC and Pan Pacific. SelectQuote is a provider of an insurance policy comparison website. eFinancial is an online and call center-based insurance agency.
The insurance platform just posted earnings results that missed the consensus estimate
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
What happened
Shares of the insurance platform SelectQuote ( NYSE:SLQT) 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.
What happened
SelectQuote (NYSE: SLQT) 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.
So what
Revenue for the fiscal fourth quarter landed at $188 million, which was right within management's forecast. Earnings were weaker than expected but were still within the low end of the company's late May prediction.
Now what
SelectQuote's outlook for the fiscal year ahead caught most investors by surprise. Sales might be pressured by higher cancellation rates, and earnings are being pinched by extra hiring and marketing spending.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
