SelectQuote shares drop after the insurance company misses earnings estimates, prompting rating downgrades and price cuts from analysts.
Why is SelectQuote stock trading lower Tuesday morning?
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 …
Should you buy or sell SelectQuote 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 ...
What is the price targets for SelectQuote's stock?
Aug 27, 2021 · SelectQuote ( SLQT -1.89% ) 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 ...
How does selectselectquote make money?
Aug 26, 2021 · Meyer Shields of Keefe, Bruyette & Woods suggests that lower persistency in combination with rather weak guidance given by SelectQuote is worth a substantial downgrade. This analyst formerly had...
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 +68.67% increase from the last price of 2.08.
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.
Wall Street wasn't happy with management's new fiscal year outlook
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
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.
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").
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.
