Slide Insurance (NASDAQ:SLDE) Price Target Raised to $29.00

Slide Insurance (NASDAQ:SLDEGet Free Report) had its target price hoisted by stock analysts at Barclays from $25.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 53.52% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler raised their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Keefe, Bruyette & Woods raised their price target on shares of Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Morgan Stanley increased their price target on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Get Our Latest Stock Analysis on Slide Insurance

Slide Insurance Stock Performance

SLDE traded up $1.12 during trading hours on Wednesday, hitting $18.89. 3,057,947 shares of the stock were exchanged, compared to its average volume of 1,000,784. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.30 and a quick ratio of 1.30. Slide Insurance has a 12 month low of $12.53 and a 12 month high of $25.90. The stock has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $16.21. The stock has a market cap of $2.35 billion and a price-to-earnings ratio of 13.99.

Slide Insurance (NASDAQ:SLDEGet Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Institutional Trading of Slide Insurance

Institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its stake in shares of Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after purchasing an additional 1,281 shares during the period. CWM LLC bought a new position in shares of Slide Insurance during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. bought a new position in shares of Slide Insurance during the 3rd quarter worth approximately $35,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Slide Insurance during the 4th quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Slide Insurance by 5,637.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,926 shares of the company’s stock valued at $57,000 after acquiring an additional 2,875 shares in the last quarter.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

Slide Insurance Company Profile

(Get Free Report)

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.

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Analyst Recommendations for Slide Insurance (NASDAQ:SLDE)

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