Slide Insurance (NASDAQ:SLDE) Given a $25.00 Price Target by JMP Securities Analysts

Slide Insurance (NASDAQ:SLDE) has been given a $25.00 price target by JMP Securities in a note issued to investors on Monday, Marketbeat reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price points to a potential upside of 34.92% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods upgraded Slide Insurance to a “hold” rating and set a $20.00 price target on the stock in a research report on Monday. Citizens Jmp assumed coverage on Slide Insurance in a research report on Monday. They set a “mkt outperform” rating and a $25.00 target price on the stock. Morgan Stanley initiated coverage on shares of Slide Insurance in a report on Monday. They issued an “equal weight” rating and a $19.00 price target for the company. Barclays started coverage on shares of Slide Insurance in a research report on Monday. They set an “overweight” rating and a $25.00 price objective for the company. Finally, Citigroup began coverage on shares of Slide Insurance in a research report on Monday. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.17.

Slide Insurance Stock Performance

SLDE stock opened at $18.53 on Monday. Slide Insurance has a 52-week low of $17.77 and a 52-week high of $25.90.

Insider Activity at Slide Insurance

In other Slide Insurance news, Director Stephen L. Rohde sold 11,082 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $175,206.42. Following the transaction, the director owned 9,335 shares in the company, valued at approximately $147,586.35. This trade represents a 54.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Gries, Jr. sold 358,457 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.81, for a total transaction of $5,667,205.17. Following the sale, the director directly owned 2,031,265 shares of the company’s stock, valued at $32,114,299.65. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,482 shares of company stock valued at $6,758,490.

Institutional Trading of Slide Insurance

An institutional investor recently bought a new position in Slide Insurance stock. Opal Wealth Advisors LLC purchased a new stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,469 shares of the company’s stock, valued at approximately $53,000.

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”).