Craig-Hallum initiated coverage of SelectQuote (NYSE: SLQT) with a Buy recommendation on September 30, 2024. This new analyst coverage provides an updated perspective on the company's market position and future outlook.
The firm highlighted SelectQuote's direct-to-consumer platform for insurance, covering life, home, auto, and senior health insurance. SelectQuote operates as a broker, earning commissions from insurance providers when consumers purchase policies.
Key competitive advantages cited include the company's proprietary technology and skilled agents. This technology analyzes customer data to connect consumers with suitable agents, aiming to improve customer retention and increase commissions over the life of an insurance policy.
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