24/7 Market News Snapshot 10 February, 2025 – SelectQuote, Inc. (NYSE:SLQT)

February 10, 2025

DENVER, Colo., 10 February, 2025 (247marketnews.com) – (NYSE:SLQT) are discussed in this article.
SelectQuote, Inc. has experienced a significant surge in market activity, with its stock price opening at $4.49 and soaring to $5.96, reflecting a remarkable increase of 36.16%. This upward trend follows a previous close of $4.38, indicating heightened investor enthusiasm and substantial trading volume of 2.02 million shares. Such momentum may signal a positive shift in market sentiment related to recent company developments or broader industry trends.

The excitement comes on the heels of SelectQuote’s impressive financial results for the second quarter of fiscal year 2025. The company reported consolidated revenue of $481.1 million, up from $405.4 million in the same period last year, alongside a notable increase in net income to $53.2 million, compared to $19.4 million in the prior year. This performance highlights SelectQuote’s effective response to evolving market dynamics and operational enhancements.

Tim Danker, the company’s Chief Executive Officer, emphasized the importance of the results, especially during a challenging Annual Enrollment Period. “Our strong policy volume and an Adjusted EBITDA margin of 39% are a testament to our agent-driven model,” Danker stated. The company’s focus on consumer trust allowed it to navigate significant changes in plan offerings effectively.

In addition, SelectQuote’s Healthcare Services segment reported a 54% year-over-year increase in membership for SelectRx, exceeding 96,000 members. This growth illustrates SelectQuote’s strategic commitment to its healthcare services.

Further bolstering its growth prospects, SelectQuote secured a strategic investment of $350 million from Bain Capital and Morgan Stanley Private Credit, enhancing its liquidity and operational flexibility. This positions the company to expand its reach in the Senior and Healthcare Services sectors. With a dedication to quality service and consumer advocacy, SelectQuote is poised to capitalize on emerging opportunities in the healthcare market.

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