Slide Insurance (NASDAQ:SLDE) Now Covered by Analysts at Barclays

Equities research analysts at Barclays started coverage on shares of Slide Insurance (NASDAQ:SLDE) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $25.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 34.92% from the company’s current price.

Several other research firms have also issued reports on SLDE. Citigroup initiated coverage on shares of Slide Insurance in a research report on Monday. They issued an “outperform” rating on the stock. Piper Sandler started coverage on shares of Slide Insurance in a report on Sunday. They set an “overweight” rating and a $25.00 target price on the stock. Wall Street Zen raised Slide Insurance to a “hold” rating in a report on Saturday, July 5th. Keefe, Bruyette & Woods upgraded Slide Insurance to a “hold” rating and set a $20.00 price objective on the stock in a research note on Monday. Finally, Morgan Stanley initiated coverage on Slide Insurance in a report on Monday. They set an “equal weight” rating and a $19.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Slide Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.17.

Slide Insurance Stock Down 4.7%

Shares of Slide Insurance 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 Transactions at Slide Insurance

In related news, Director Robert Gries, Jr. sold 358,457 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.81, for a total value of $5,667,205.17. Following the sale, the director owned 2,031,265 shares in the company, valued at approximately $32,114,299.65. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen L. Rohde sold 11,082 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $147,586.35. The trade was a 54.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 427,482 shares of company stock valued at $6,758,490.

Hedge Funds Weigh In On Slide Insurance

An institutional investor recently bought a new position in Slide Insurance stock. Opal Wealth Advisors LLC bought a new position in Slide Insurance Holdings, Inc. (NASDAQ:SLDE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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”).