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SelectQuote ( (SLQT) ) has issued an announcement.
On February 10, 2025, SelectQuote, Inc. entered into Senior Preferred Stock Purchase Agreements with Morgan Stanley and Bain, resulting in a $350 million investment in the company. This investment aims to improve SelectQuote’s liquidity and operating flexibility, particularly in its Senior and Healthcare Services segments. The transaction includes the issuance of preferred stock and warrants. Additionally, the company reported strong financial results for the second quarter of fiscal year 2025, with increased revenue and net income compared to the previous year, driven by strong performance in its Senior and Healthcare Services segments.
More about SelectQuote
SelectQuote, Inc. operates in the insurance industry, primarily focusing on providing insurance solutions, including Medicare Advantage, life insurance, and healthcare services through SelectRx. The company emphasizes a high-touch, agent-led model and targets the senior market and healthcare services sector.
YTD Price Performance: 13.18%
Average Trading Volume: 1,000,366
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $751.2M
See more insights into SLQT stock on TipRanks’ Stock Analysis page.
