Brokerages Set Slide Insurance Holdings, Inc. (NASDAQ:SLDE) PT at $22.80

Slide Insurance Holdings, Inc. (NASDAQ:SLDEGet Free Report) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.20.

SLDE has been the topic of a number of recent research reports. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Piper Sandler raised their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Barclays upped their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th.

Read Our Latest Stock Report on SLDE

More Slide Insurance News

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

Slide Insurance Stock Performance

Shares of Slide Insurance stock opened at $19.55 on Tuesday. The company’s 50 day moving average price is $17.62 and its two-hundred day moving average price is $16.26. The firm has a market capitalization of $2.43 billion and a P/E ratio of 14.48. Slide Insurance has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. 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 (NASDAQ:SLDEGet Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Hedge Funds Weigh In On Slide Insurance

A number of hedge funds have recently made changes to their positions in SLDE. Comerica Bank increased its position in Slide Insurance by 3,462.2% during 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 acquired a new position in shares of Slide Insurance in the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. bought a new stake in shares of Slide Insurance in the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Slide Insurance during the fourth quarter worth $47,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Slide Insurance by 5,637.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,926 shares of the company’s stock worth $57,000 after buying an additional 2,875 shares during the last quarter.

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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