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SLQT - SelectQuote: After A Blowout Quarter I'm Ready To Go Long
SelectQuote Inc.
When insurance quote comparison site SelectQuote (SLQT) went public in May at $20 per share, the company was an immediate smash hit - as were all new issuances this year. I posited at the time that the >30% pop in SelectQuote shares were due to two factors:
Market enthusiasm at the time for SelectQuote's closest competitor EverQuote (EVER), which at the time had been up nearly 2x in the year-to-date
General demand for new IPOs and upward drift in all tech/internet stocks