Piper Sandler Issues Positive Forecast for Slide Insurance (NASDAQ:SLDE) Stock Price

Slide Insurance (NASDAQ:SLDEFree Report) had its price target raised by Piper Sandler from $22.00 to $24.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays lifted their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley raised their target price on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Keefe, Bruyette & Woods upped their price target on Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.20.

Check Out Our Latest Stock Analysis on Slide Insurance

Slide Insurance Trading Up 0.3%

NASDAQ SLDE opened at $19.55 on Thursday. The company has a market cap of $2.43 billion and a price-to-earnings ratio of 14.48. Slide Insurance has a twelve month low of $12.53 and a twelve month high of $25.90. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $17.62 and its 200 day moving average is $16.26.

Slide Insurance (NASDAQ:SLDEGet Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Institutional Trading of Slide Insurance

A number of institutional investors have recently bought and sold shares of SLDE. Comerica Bank grew its holdings in Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 1,281 shares during the period. CWM LLC acquired a new stake in Slide Insurance during the fourth quarter worth approximately $35,000. Ameritas Investment Partners Inc. bought a new stake in Slide Insurance in the third quarter worth approximately $35,000. Aster Capital Management DIFC Ltd acquired a new position in Slide Insurance in the fourth quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Slide Insurance by 5,637.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,926 shares of the company’s stock worth $57,000 after buying an additional 2,875 shares in the last quarter.

Slide Insurance News Roundup

Here are the key news stories impacting Slide Insurance this week:

Slide Insurance Company Profile

(Get Free Report)

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”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.

Further Reading

Analyst Recommendations for Slide Insurance (NASDAQ:SLDE)

Receive News & Ratings for Slide Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slide Insurance and related companies with MarketBeat.com's FREE daily email newsletter.