Citizens Jmp Begins Coverage on Slide Insurance (NASDAQ:SLDE)

Equities researchers at Citizens Jmp initiated coverage on shares of Slide Insurance (NASDAQ:SLDE) in a research note issued to investors on Monday, Marketbeat reports. The firm set a “mkt outperform” rating and a $25.00 price target on the stock. Citizens Jmp’s price objective indicates a potential upside of 34.92% from the company’s previous close.

A number of other analysts have also recently commented on the company. Wall Street Zen raised Slide Insurance to a “hold” rating in a research report on Saturday, July 5th. Morgan Stanley began coverage on Slide Insurance in a report on Monday. They issued an “equal weight” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods upgraded Slide Insurance to a “hold” rating and set a $20.00 price target for the company in a report on Monday. Piper Sandler started coverage on Slide Insurance in a research report on Sunday. They issued an “overweight” rating and a $25.00 price target for the company. Finally, Barclays began coverage on shares of Slide Insurance in a research report on Monday. They set an “overweight” rating and a $25.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Slide Insurance currently has an average rating of “Moderate Buy” and a consensus target price of $23.17.

Slide Insurance Stock Performance

NASDAQ:SLDE opened at $18.53 on Monday. Slide Insurance has a one year low of $17.77 and a one year high of $25.90.

Insider Transactions at Slide Insurance

In other Slide Insurance news, Director Stephen L. Rohde sold 11,082 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 $175,206.42. Following the transaction, the director owned 9,335 shares in the company, valued at approximately $147,586.35. This represents a 54.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Gries, Jr. sold 358,457 shares of the firm’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 directly owned 2,031,265 shares in the company, valued at approximately $32,114,299.65. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,482 shares of company stock worth $6,758,490 over the last quarter.

Institutional Trading of 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) during the second quarter, according to its most recent disclosure with the SEC. The firm 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”).