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SelectQuote (SLQT)

Founded in 1985, SelectQuote provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote’s success: a force of more than 1,500 highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. The company has three core business lines: SelectQuote Senior, SelectQuote Life and SelectQuote Auto and Home. SelectQuote Senior, the largest and fastest-growing business, serves the needs of a demographic that sees 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans.

Company profile

Ticker
SLQT
Exchange
CEO
Timothy Danker
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
SelectQuote Auto & Home Insurance Services, LLC • ChoiceMark Insurance Services, Inc. • Inside Response, LLC • SelectQuote Ventures, Inc. • Population Health, Inc. • Express Med Pharmaceuticals, Inc. • Simple Meds, LLC ...
IRS number
943339273

SLQT stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$1.75
Low target
$1.50
High target
$2.00
RBC Capital
Maintains
Sector Perform
$2.00
30 Aug 22
Citigroup
Maintains
Neutral
$1.50
30 Aug 22

Calendar

29 Aug 22
28 Sep 22
30 Jun 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 22 Jun 21 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 141M 141M 141M 141M 141M 141M
Cash burn (monthly) 19.45M 12.12M 44.66M 32.48M 17.98M 28.19M
Cash used (since last report) 57.46M 35.8M 131.9M 95.94M 53.12M 83.27M
Cash remaining 83.54M 105.2M 9.1M 45.05M 87.88M 57.73M
Runway (months of cash) 4.3 8.7 0.2 1.4 4.9 2.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Sep 22 Matthew Scott Gunter Common Stock, par value $0.01 per share Buy Acquire P No No 1.036 24,300 25.17K 400,649
2 Sep 22 W Thomas Grant Ii Common Stock, par value $0.01 per share Option exercise Acquire M No No 0.5325 1,116,624 594.6K 1,960,620
2 Sep 22 W Thomas Grant Ii Employee Stock Options Common Stock, par value $0.01 per share Option exercise Dispose M No No 0.5325 1,116,624 594.6K 0
3 Aug 22 Stephanie D. Fisher Common Stock, par value $0.01 per share Option exercise Acquire M No No 0 658 0 2,129
3 Aug 22 Stephanie D. Fisher RSU Common Stock, par value $0.01 per share Option exercise Dispose M No No 0 658 0 1,317
1 Aug 22 Matthew Scott Gunter Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 0 428 0 376,349
1 Aug 22 Matthew Scott Gunter Common Stock, par value $0.01 per share Option exercise Acquire M No No 0 940 0 376,777
1 Aug 22 Matthew Scott Gunter Common Stock, par value $0.01 per share Option exercise Acquire M No No 0 562 0 375,837
1 Aug 22 Matthew Scott Gunter RSU Common Stock, par value $0.01 per share Option exercise Dispose M No No 0 940 0 2,819
1 Aug 22 Matthew Scott Gunter RSU Common Stock, par value $0.01 per share Option exercise Dispose M No No 0 562 0 1,125
13F holders Current Prev Q Change
Total holders 165 170 -2.9%
Opened positions 26 23 +13.0%
Closed positions 31 41 -24.4%
Increased positions 54 57 -5.3%
Reduced positions 53 61 -13.1%
13F shares Current Prev Q Change
Total value 523.75M 559.66M -6.4%
Total shares 131.46M 133.35M -1.4%
Total puts 91.7K 212.1K -56.8%
Total calls 359.3K 932.8K -61.5%
Total put/call ratio 0.3 0.2 +12.2%
Largest owners Shares Value Change
BLK Blackrock 20.66M $51.24M +4.9%
Brookside Equity Partners 17.68M $43.84M 0.0%
Bep Iii 17.68M $160.17M 0.0%
Abrams Bison Investments 12.91M $32.02M 0.0%
Abrams Bison Partners 12M $111.24M 0.0%
Vanguard 11.02M $27.34M +13.4%
STT State Street 4.34M $10.77M +4.3%
Burgundy Asset Management 3.95M $9.79M -28.2%
D. E. Shaw & Co. 3.76M $9.32M -16.0%
Mariner 2.74M $6.79M +1.4%
Largest transactions Shares Bought/sold Change
Burgundy Asset Management 3.95M -1.55M -28.2%
Vanguard 11.02M +1.3M +13.4%
FHI Federated Hermes 1.76M +1.14M +183.1%
BLK Blackrock 20.66M +969.64K +4.9%
Citadel Advisors 291.55K -804.01K -73.4%
D. E. Shaw & Co. 3.76M -717.84K -16.0%
State Of Wisconsin Investment Board 32.22K -649.18K -95.3%
Parametric Portfolio Associates 0 -513.33K EXIT
Voloridge Investment Management 265.61K -460.75K -63.4%
Cubist Systematic Strategies 475.43K +449.98K +1767.8%

Financial report summary

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Management Discussion
  • (1) Operating expenses in the Corp & Elims division primarily include $44.2 million in salaries and benefits for certain general, administrative, and IT related departments, and $18.2 million in professional services fees.
  • (2) These expenses primarily consist of costs incurred for amendments to the Senior Secured Credit Facility, costs related to acquisitions, and severance expenses.
  • (1) Operating expenses in the Corp & Elims division primarily include $34.0 million in salaries and benefits for certain general, administrative, and IT related departments, and $13.4 million in professional services fees.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg