Last Updated: 18 Sep 2024
Executive Summary
Selectquote Inc. (SLQT) is a leading provider of insurance solutions, offering a wide range of products including life, health, and property insurance. The company has a strong track record of growth, with revenue increasing by 38.5% year-over-year in the latest quarter. However, the company is currently facing some challenges, including a decline in profitability and a high level of debt. Despite these challenges, analysts remain optimistic about the company's long-term prospects, with a consensus analyst target price of $4.50.
Company Overview
Selectquote Inc. was founded in 1985 and is headquartered in Overland Park, Kansas. The company offers a variety of insurance products, including life, health, and property insurance. Selectquote sells its products through a network of independent agents and brokers, as well as through its own website.
Fundamental Analysis
Selectquote Inc. has a strong financial position, with a market capitalization of $3.14 billion and a debt-to-equity ratio of 1.06. The company's revenue has grown by an average of 20% per year over the past five years. However, the company's profitability has declined in recent quarters, with a net loss of $20.5 million in the latest quarter.
Technical Analysis
The technical analysis of Selectquote Inc. shows that the stock is currently in a downtrend. The stock price has fallen below its 50-day and 200-day moving averages, and the relative strength index (RSI) is below 30. This indicates that the stock is oversold and could be due for a rebound.
Short Term Outlook
The short-term outlook for Selectquote Inc. is mixed. The company's financial performance has been weak in recent quarters, and the stock price is in a downtrend. However, the company's long-term prospects remain strong, and the stock could be due for a rebound.
Long Term Outlook
The long-term outlook for Selectquote Inc. is positive. The company has a strong market position, a growing customer base, and a track record of innovation. The company's financial performance is expected to improve in the long term, and the stock price is expected to rise.
Analyst Recommendations
The consensus analyst recommendation for Selectquote Inc. is a buy. The average analyst target price is $4.50, which represents a potential upside of 117% from the current stock price.
