SelectQuote Inc (SLQT) News

$SLQT Selectquote is overbought and overvalued.

$SLQT negative share price return over the last three years. $.0001 coming

SelectQuote, Inc. $SLQT Total Debt (mrq) $726.83M. $.0001 coming

$SLQT Cash Flow Statement
Operating Cash Flow (ttm) -19.38M
Levered Free Cash Flow (ttm) -14.02M
Return on Equity (ttm) -15.86%
Profitability
Profit Margin -5.84%
Operating Margin (ttm) -8.27%

Select Quote $SLQT Total Debt (mrq) $731.8M

Select either a reverse split or delist back to OTC.

SLQT: Wow, ya went back to Pre-Columbian times for my ancient post there, Dude!

Looks like you over optimism wasn't meant for today, but "today" tomorrow?

SLQT: Geeeeeeeez, Dude!!! How did ya ever dig-up that Pre-Columbian post by clown me, Bro????

More selling on the way.

SLQT

SLQT: Let's PARTY!!! (Supposed to be the WORST rock video of all time!! Who cares?? I like it!!!!)

SLQT: My 'Scanner' (see below) just told me SLQT will go MONSTER today!!!

SLQT: And, ya just might be smilin' some MORE today, Homeboy!!!

This stock is single-handedly assisting me in making back a shit ton of money I've lost in other stocks. I'm so happy I purchased this while everybody was bashing it a couple of months ago

Rockin & Rollin here

Congrats. Easy money for many.

mb

I'm up about $48,000 here at the moment

SLQT: Nice price increase today.

SLQT: Bottom line, sure was NICE NEWS! (And, SUBSTANTIVE news, to boot!! WHEN have we seen THAT of late??!!)

Haha today is a great day here however. Sometimes stocks just get oversold and it becomes really ridiculous

SLQT: "So call SELECT QUOTE today!! And get the HIGHEST PRICE on our own STOCK in a long time!! Call NOW!!"

Banking here FINALLY

$SLQT: FY2023 Revs upped to $960Milly

WOW......... how is this only at a MarketCAP of $151Milly only.


And they turned a net $30Milly profit.


NICE pop today to $1.30........... should get to $4


GO $SLQT

Hey, FUNNY stuff!!!

I love those funny tv ads. More Quarterbacks

SLQT: Hey, their radio & TV ads could now read like this --- "So call SELECT QUOTE today!! And get the latest LOW price on our own Company's STOCK!!"

It's been in a pretty nice treatable range if you were to buy it right around $1.04 and sell it around $1.12 but it looks like that range is going to be destroyed if they get booted off the index.

Interestingly enough analysts have priced targets of between $1.50 and $2 per share

Jolly good. About time.

$SLQT is being deleted from the S&P 600 effective October 4th so that's why we are seeing it sell off and trading perilously close to the $1 level

SLQT: This Company needs to deploy their OWN system, to get a good (low-ball) PRICE on some cheap (corporate) 'NET-OPERATING-LOSS-INSURANCE'!! Then their stock price might SOAR!!

Out , 3.4 NEXTTTT

Niceee, took 2.8s earlier. Bounceee

SelectQuote stock tanks after fiscal Q2 miss, guidance cut; Citi downgrades

Feb. 08, 2022 7:30 AM ETSelectQuote, Inc. (SLQT)By: Liz Kiesche, SA News
Stock exchange crash.

SelectQuote (NYSE:SLQT) stock plunges 51% in premarket trading after the online insurance brokerage's fiscal Q2 earnings missed consensus by a wide margin and expects 2022 results to fall well short of consensus.

Citi analyst Daniel Grosslight downgrades the stock to Neutral/High Risk from Buy/High Risk and slashes his price target to $4 from $14.

The reasons behind the Q4 miss weren't surprising, Grosslight said in a note to clients, pointing to hiring delays, CMS marketing review, less shopping amid greater plan parity, and lower persistency. "What was surprising with the quantum of the miss and the $145M of negative tail adjustment revenue the company took this quarter (vs $65M expected in FQ4)," he said.

In addition, the company cut guidance, "titrating growth down," and said it's focusing more on cash flow and predictability.

Note that in December, SA Quant rating warned that SelectQuote (SLQT) was at high risk of performing poorly, on decelerating momentum and negative EPS revisions.

What is going on here?

SLQT 09/17 $7.50-10 Calls ---Form-4 Bottom Play

Loving this well rounded Insurance brokerage LONG

Looking good here imo
$SLQT

Nice!
$SLQT

What was the volume spike on july 23rd all about?
Anyone?

Jumped in here today ~20.50
Looks good imo
Good luck everyone $SLQT

$21+ moving up nicely

yes, we'll see............cant believe this opportunity on this one!

$360 million raised supposed to go towards the $400+ million debt. Need to see that happen

Pay Attention here!

been there, done that!

The Fly

SelectQuote indicated to open at $25, IPO priced at $20 SelectQuote (SLQT) priced 28.5M shares at $20.00. The deal size was increased to 28.5M shares from 25M shares and priced above the $17.00-$19.00 range. Credit Suisse, Evercore ISI, Morgan Stanley, RBC Capital, Barclays, Citi and Jefferies acted as joint book running managers for the offering.

Meet SelectQuote, the Newest IPO on the Block

The insurance platform debuted its IPO last week, and the share price is up an impressive 33% during a difficult economic time.



By Bram Berkowitz
Motley Fool
May 29, 2020

The insurance platform SelectQuote (NYSE:SLQT) made its presence known last week, delivering the largest U.S. initial public offering since February at a time when the IPO market has softened as a result of the coronavirus pandemic. The stock began trading Thursday at $20 and had risen 42% to $28.45 as of Thursday's close, with a market cap around $4.6 billion.

Let's meet the newest IPO on the block and learn more about the company.

The business model

Founded in 1985, SelectQuote helps consumers purchase complex senior health, life, auto, and home insurance policies from a curated panel of the nation's leading insurance carriers. The company claims to have been the first direct-to-consumer term life insurance exchange platform in the U.S. To be clear, the company doesn't provide the insurance, but rather finds consumers looking to buy it and matches them with insurance carriers. SelectQuote earns commissions from the insurance carriers for the policies it sells on their behalf.

Even though it's more than three decades old, SelectQuote relies on innovative and powerful technology to drive its business. Its proprietary routing and workflow system analyzes and intelligently directs leads to agents best suited to meet the specific consumer's need. So the technology helps find the consumer, but then SelectQuote uses highly trained agents to provide "consumers with a transparent, valuable and best-in-class consumer experience and making sure they are buying a policy that meets their specific needs."

The company also believes that customized direct distribution is becoming an increasingly more effective route for insurance carriers than the in-person, "one-size-fits-all" models most traditional insurance distributors employ. That's because consumers are increasingly researching insurance policies for their needs online and, ultimately, purchasing through direct channels. The key for SelectQuote is allowing consumers to compare prices among carriers and provide a lot of the information that they know the consumer wants.

SelectQuote estimates that it's in a total addressable market (TAM) of at least $180 billion for the insurance products its distributes. The company believes the TAM presents an annual commission revenue opportunity of roughly $28 billion for its seniors segment, $105 billion in life insurance, and $47 billion in auto and home insurance. In each of those three segments, SelectQuote estimates its market share to be less than 1% and thinks there is a lot of potential for better market penetration and market growth.

Financial performance

In fiscal 2019, the company reported $72.6 million in net income, an increase of 108% on a year-over-year basis. That profit came from total revenue of $337.5 million in fiscal 2019, up 44% from sales in fiscal 2018.

Nearly 88% of total revenue in fiscal 2019 came from commissions, while the remaining revenue came from production bonuses and other sources. This segment represents commissions the company expects to generate over the life of an approved policy minus the cost of acquiring the business. This segment in fiscal 2019 grew 53% year over year, and SelectQuote's goal is to maximize policyholder lifetime value by increasing retention rates.

The company does have total debt of more than $413 million from a term loan. But SelectQuote said it will use up to $100 million of the $360 million it raised in its IPO to repay part of the loan, which should put it on better footing. The company does not anticipate paying common dividends anytime soon.

Looking good

The fact that SelectQuote's IPO has been able to perform this well in this kind of market shows that investors have a lot of confidence in this company. It's an experienced company that, unlike many flashy start-ups, has delivered solid and growing profits. Additionally, while the word is not mentioned in its prospectus, SelectQuote is basically an insurtech company, a sector that many believe has enormous potential. It also seems to have barely tapped its market, so it's definitely a solid stock to add in a precarious time.

SelectQuote Inc. (SLQT) Prices 28.5M Share IPO at $20/Sh

May 21, 2020
Price: $20.00 -2.91%

Overall Analyst Rating:
BUY (Up Up)

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.

Of the offered shares, 18,000,000 shares are being offered by SelectQuote and 10,500,000 shares are being offered by selling stockholders. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 4,275,000 shares at the initial public offering price less underwriting discounts and commissions.

SelectQuote will not receive any proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “SLQT” on May 21, 2020. The offering is expected to close on May 26, 2020 subject to customary closing conditions.

S**T

I did not have any dry powder this morning!!!!!!!!!!!!!!!!!!!!!!!!!

$32 price target here:

Jun-15-20 Initiated RBC Capital Mkts Outperform $32
Jun-15-20 Initiated Piper Sandler Overweight $32
Jun-15-20 Initiated Morgan Stanley Equal-Weight $29
Jun-15-20 Initiated Keefe Bruyette Outperform $32
Jun-15-20 Initiated Jefferies Hold $29
Jun-15-20 Initiated Evercore ISI Outperform $32
Jun-15-20 Initiated Credit Suisse Outperform $38
Jun-15-20 Initiated Citigroup Buy $32
Jun-15-20 Initiated Cantor Fitzgerald Overweight $32
Jun-15-20 Initiated Barclays Overweight $32