Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Receives $19.50 Consensus Target Price from Analysts

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.17.

SLDE has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Slide Insurance to a “hold” rating in a research note on Saturday, July 5th. Citizens Jmp began coverage on shares of Slide Insurance in a research note on Monday. They set a “strong-buy” rating and a $25.00 target price for the company. Morgan Stanley began coverage on shares of Slide Insurance in a research note on Monday. They set an “equal weight” rating and a $19.00 target price for the company. Barclays began coverage on shares of Slide Insurance in a research note on Monday. They set an “overweight” rating and a $25.00 target price for the company. Finally, Piper Sandler began coverage on shares of Slide Insurance in a research note on Sunday. They set an “overweight” rating and a $25.00 target price for the company.

Insider Transactions at Slide Insurance

In related news, 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 transaction, the director owned 2,031,265 shares in the company, valued at $32,114,299.65. This represents a 15.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Beth Witte Bruce sold 31,029 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $15.81, for a total transaction of $490,568.49. Following the transaction, the director owned 251,645 shares in the company, valued at approximately $3,978,507.45. This trade represents a 10.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,482 shares of company stock valued at $6,758,490.

Institutional Investors Weigh In On Slide Insurance

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

Slide Insurance Stock Up 2.0%

Shares of Slide Insurance stock opened at $18.90 on Monday. Slide Insurance has a 1-year low of $17.30 and a 1-year high of $25.90.

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”).