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SelectQuote, Inc. (SLQT)

NYSE - Nasdaq Real Time Price. Currency in USD
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29.46+0.46 (+1.59%)
At close: 4:00PM EDT
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  • M
    Meelis
    Before you invest. Be aware they recognize future revenue. You can see it in cash flow statement, which are negative. So theres big question mark of how much of this future revenue will come through.
  • K
    K
    Down 32% hope short sellers like Dan Niles get their karma in the form of Covid and other things that will put him on the sidelines..... to take a productive asset or equity and short it for your own gain at the behest of others shows he should simply go to jail!
    Bullish
  • s
    scott
    It's not dilutive....if anything, this eliminates some volatility post lockup
  • g
    gaskm
    Yeah 8.5% Drops are totally normal. Good lord.
  • s
    scott
    Wanting to jump in this one...should I wait for a pullback?
  • M
    Mark
    If SLQT can hold $ 28.00 I think it. can go to $38.00 this year . Earnings continues to rise.
  • g
    gaskm
    Lol. Insiders are Unloading Billions. Literally looks like a cut and run.
  • g
    gaskm
    Whats Happening?
  • M
    MJ Stock Trader
    I find the reason this stock is not at $26-$30 is that their strategic communications is severely lacking. They've put out ONE real press release since they went public. Every time they do something significant - sign new providers, hire 100's employee's, etc they should be pushing out the news. Most companies understand that news drives stock price. I'm not saying do it artificially, but do SOMETHING.
  • g
    gold
    Overland Park-based SelectQuote Insurance Services Inc. plans to add 1,000 new sales and support associate positions this year.

    The majority of the hires will be added to the company's operations in Overland Park, but some will be added to operations in Florida, California, Colorado and Iowa. The company is looking to fill positions to start as early as May.
  • G
    G
    This company needs to release their earnings soon... wondering why they don’t have a date to report
  • g
    gaskm
    @Jim I am actually in this industry, unlike you. SLQT employs thousands of Agents in America, these guys run anywhere between 40k-70k. The commission on their main book is Medicare which is like $300-$500. On top of all this the Medical Insurance for those agents+commission to agents per sale and most importantly the $100s of Millions of dollars in ads they do to get old people to click on their ads is astounding. This stock will never do much, probably just trend downwards. This is a small broker business that went public, it's NOT an insurance company.
  • g
    gold
    SelectQuote - SLQT to hire 1000 New Employees,

    OVERLAND PARK, Kan.--(BUSINESS WIRE)--SelectQuote, Inc., a pioneer in providing consumers with unbiased price comparisons from some of the most trusted insurance carriers, announced today that it is opening 1,000 new insurance sales and support associate positions this year, with a majority coming in the Kansas City Metro area, as well as Jacksonville, Fla., California, Colorado and Iowa.
    The company is looking to fill positions to start as early as May 2020.
    WoW! SLQT business is growing tremendously. Solid Profitable company and growing fast.
  • M
    MJ Stock Trader
    I've been watching volume, institutional ownership and short interest over the past month. Institutional ownership has gone from 5% about a month ago to 10% last week and I was surprised to see it at 29.46% this morning. Short interest has gone from 5% to 2.5%. Most of the volume spikes have been green which explains the increase in institutional ownership. I expect less major swings to the downside that we've seen the last few months (I saw the stock swing to $15 then close at $19 in a single day) as institutional investors aren't trading the stock. Based on Ehealth's earnings this week, I expect SLQT to suprise on the upside with revenue. The biggest question will be churn rate, if it's better than expected SLQT will hit $25 fast and $30 by October.
    Bullish
  • m
    mike
    going back to IPO price
  • M
    MJ Stock Trader
    Absolutely CRUSHED earnings and increased projected 2021 revenue. Up 10% after hours.

    Fourth Quarter 2020 - Consolidated Earnings Highlights

    Revenue of $141 million, Up 90% Year-Over-Year
    Net Income of $20 million, Up 56% Year-Over-Year
    Adjusted EBITDA of $40 million, Up 106% Year-Over-Year*
    Full-Year 2021 Revenue, Net Income and Adjusted EBITDA Expected to be in the Following Ranges:
    Revenue Expected in a Range of $775 million to $815 million
    Net Income Expected in a Range of $115 million to $127 million
    Adjusted EBITDA Expected in a Range of $200 million to $215 million*
    Fourth Quarter 2020 - Segment Highlights

    Senior Division

    Revenue of $88 million, Up 160% Year-Over-Year
    Adjusted EBITDA of $33 million, Up 157% Year-Over-Year*
    Approved Medicare Advantage Plans grew 184% Year-Over-Year
    Life Division

    Revenue of $42 million, Up 37% Year-Over-Year
    Adjusted EBITDA of $12 million, Up 35% Year-Over-Year*
    Ancillary premiums grew 288% Year-Over-Year
    Auto & Home Division

    Revenue of $12 million, Up 24% Year-Over-Year
    Adjusted EBITDA of $3 million, Up 36% Year-Over-Year*
    Total Auto & Home premiums grew 27% Year-Over-Year
    SelectQuote, Inc. (NYSE: SLQT), reported consolidated revenue for fourth quarter 2020 of $141.4 million, which was a 90% increase over consolidated revenue for fourth quarter 2019 of $74.4 million. Consolidated net income for fourth quarter 2020 was $20.0 million, which was a 56% increase over consolidated net income for fourth quarter 2019 of $12.9 million. Finally, consolidated Adjusted EBITDA for fourth quarter 2020 was $40.1 million, which was a 106% increase over consolidated Adjusted EBITDA for fourth quarter 2019 of $19.5 million.

    Consolidated revenue for the fiscal year ended June 30, 2020, was $531.5 million, an increase of $194.0 million over consolidated revenue for the fiscal year ended June 30, 2019, of $337.5 million. Consolidated net income for the 2020 fiscal year was $81.1 million, an increase of $8.5 million over consolidated net income for the 2019 fiscal year of $72.6 million. Finally, consolidated Adjusted EBITDA for the 2020 fiscal year was $154.0 million compared to consolidated Adjusted EBITDA of $105.3 million for the fiscal year 2019, an increase of $48.7 million.

    Chief Executive Officer Tim Danker commented, "Our Fourth Quarter demonstrates SelectQuote’s significant growth potential and we are excited to share our results following the company’s successful initial public offering this past May. The power of our leading technology-enabled direct-to-consumer model paired with our 100% in-house agent-led customer service approach positions SelectQuote well to take advantage of demographic tailwinds and a large market opportunity for years to come."

    Chief Financial Officer Raffaele Sadun added, "Based on our strong full-year 2020 performance, today we establish our full-year 2021 guidance with an initial forecast range of $775 million to $815 million for consolidated revenue and $200 million to $215 million for consolidated Adjusted EBITDA. We expect full-year consolidated net income to range from $115 million to $127 million for 2021."
  • r
    raymond
    This will be $25 After Hours tomorrow
  • j
    joseph
    Why does this company have negative operating cash flow .
  • B
    BrianM
    Have to say very nice earnings. Revenue grew over 90% in fiscal yr 2020 and are projected to grow at least 46% at the lowest end of the range.
    Bullish
  • R
    Rick
    Not getting the follow through I was expecting. Good bye for now.
    Good luck to anyone staying. When ever I sell it usually gives the stock a bump.