Slide Insurance (NASDAQ:SLDE) Now Covered by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of Slide Insurance (NASDAQ:SLDE) in a research report report published on Monday,Benzinga reports. The firm issued a market perform rating and a $20.00 price target on the stock.

Several other analysts have also recently commented on SLDE. Citigroup initiated coverage on shares of Slide Insurance in a research note on Monday. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Slide Insurance to a “hold” rating in a research note on Saturday, July 5th. Morgan Stanley initiated coverage on shares of Slide Insurance in a research note on Monday. They issued an “equal weight” rating and a $19.00 price target on the stock. Finally, Piper Sandler initiated coverage on shares of Slide Insurance in a research note on Sunday. They issued an “overweight” rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.17.

Slide Insurance Price Performance

SLDE opened at $19.44 on Monday. Slide Insurance has a fifty-two week low of $17.77 and a fifty-two week high of $25.90.

Insider Activity

In other news, Director Beth Witte Bruce sold 31,029 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $15.81, for a total transaction of $490,568.49. Following the sale, the director directly owned 251,645 shares in the company, valued at approximately $3,978,507.45. This represents a 10.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Gries, Jr. sold 358,457 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.81, for a total transaction of $5,667,205.17. Following the sale, the director owned 2,031,265 shares in the company, valued at $32,114,299.65. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 427,482 shares of company stock worth $6,758,490.

Hedge Funds Weigh In On Slide Insurance

A hedge fund recently bought a new stake 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 its most recent filing with the SEC. The institutional investor purchased 2,469 shares of the company’s stock, valued at approximately $53,000.

About Slide Insurance

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”).