Slide Insurance (NASDAQ:SLDE) Stock Rating Upgraded by Zacks Research

Slide Insurance (NASDAQ:SLDE) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

SLDE has been the topic of several other research reports. Morgan Stanley increased their price objective on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Piper Sandler upped their target price on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Keefe, Bruyette & Woods increased their price target on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Barclays raised their price target on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.40.

Slide Insurance Stock Performance

Slide Insurance stock opened at $17.75 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. Slide Insurance has a 12 month low of $12.53 and a 12 month high of $25.90. The company has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $16.63. The company has a market cap of $2.21 billion and a PE ratio of 6.88.

Slide Insurance (NASDAQ:SLDE) 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.

Insider Buying and Selling at Slide Insurance

In other Slide Insurance news, CEO Bruce Lucas sold 98,716 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04. Following the completion of the transaction, the chief executive officer owned 38,895,317 shares in the company, valued at approximately $717,229,645.48. The trade was a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shannon Lucas sold 9,763 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.44, for a total value of $180,029.72. Following the completion of the transaction, the chief operating officer directly owned 1,553,108 shares of the company’s stock, valued at approximately $28,639,311.52. The trade was a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,025,372 shares of company stock valued at $19,041,559 in the last quarter.

Institutional Trading of Slide Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its holdings in shares of Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Slide Insurance by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock worth $313,000 after purchasing an additional 1,704 shares in the last quarter. CWM LLC acquired a new stake in Slide Insurance in the fourth quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance in the third quarter worth approximately $35,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Slide Insurance during the 4th quarter valued at $47,000.

Slide Insurance News Roundup

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

• Positive Sentiment: Wall Street consensus price target implies roughly 36% upside, which could support the stock if earnings revisions continue to trend upward. Zacks Analyst Note
• Neutral Sentiment: Recent third‑party comparative write‑ups (head‑to‑head analyses) discuss SLDE versus peers; useful for context but unlikely to move the stock by itself. Comparative Analysis
• Negative Sentiment: CEO Bruce Lucas sold 227,500 shares on March 16 at ~$18.13 (~$4.12M), a ~0.58% reduction in his stake — large insider disposition that can signal near‑term selling pressure. SEC Filing (3/16)
• Negative Sentiment: CEO Bruce Lucas sold an additional 98,716 shares on March 17 at ~$18.44 (~$1.82M), further reducing his position and adding short‑term headline risk. SEC Filing (3/17)
• Negative Sentiment: COO Shannon Lucas executed two small sales (22,500 on March 16 at ~$18.13 and 9,763 on March 17 at ~$18.44), modestly trimming her stake and contributing to the selling narrative. SEC Filings (COO)
• Negative Sentiment: Director Robert Gries, Jr. sold 28,212 shares on March 17 at ~$18.35, another insider sale that may amplify investor concern about near‑term liquidity or personal tax planning. SEC Filing (Director)

Slide Insurance Company Profile

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.