Slide Insurance (NASDAQ:SLDE) Upgraded at Zacks Research

Zacks Research upgraded shares of Slide Insurance (NASDAQ:SLDE) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Morgan Stanley raised their price target on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Barclays increased their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Keefe, Bruyette & Woods lifted their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Finally, Piper Sandler boosted their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $24.40.

Slide Insurance Stock Performance

Shares of Slide Insurance stock opened at $17.30 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $2.15 billion and a price-to-earnings ratio of 6.71. The stock’s 50-day moving average is $17.35 and its 200-day moving average is $16.64. Slide Insurance has a one year low of $12.53 and a one year high of $25.90.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Insider Transactions at Slide Insurance

In related news, COO Shannon Lucas sold 9,763 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $18.44, for a total transaction of $180,029.72. Following the transaction, the chief operating officer directly owned 1,553,108 shares in the company, valued at approximately $28,639,311.52. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Gries, Jr. sold 28,212 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.35, for a total transaction of $517,690.20. Following the sale, the director directly owned 2,003,053 shares in the company, valued at $36,756,022.55. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,025,372 shares of company stock worth $19,041,559 in the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SLDE. Comerica Bank raised its holdings in shares of Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after purchasing an additional 1,281 shares during the period. CWM LLC bought a new position in Slide Insurance during the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new position in Slide Insurance during the third quarter worth approximately $35,000. Aster Capital Management DIFC Ltd acquired a new position in Slide Insurance during the fourth quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after buying an additional 2,468 shares during the period.

Slide Insurance News Roundup

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

• Positive Sentiment: Analyst upgrades and price‑target increases — Zacks upgraded SLDE to a “strong‑buy” and Keefe, Bruyette & Woods raised its target, reflecting stronger analyst conviction that can attract buying interest. Zacks.com Keefe Bruyette Price Target
• Positive Sentiment: Consensus upside and fundamentals — Street coverage shows an implied ~36% upside vs. current levels and SLDE recently beat quarterly EPS ($1.23 vs. $0.87) on $347M revenue, which supports higher targets and momentum flows. Zacks Upside Note MarketBeat Company Page
• Neutral Sentiment: Peer/sector comparison pieces provide relative valuation context but aren’t immediate catalysts; useful for longer‑term allocation decisions. Exzeo vs Slide Analysis
• Negative Sentiment: Heavy insider selling — CEO Bruce Lucas sold large blocks (227,500 shares on 3/16 and 98,716 on 3/17), COO Shannon Lucas sold multiple tranches, and a director also sold shares. These sizable disposals (while insiders still retain large stakes) are the most likely proximate cause of today’s weakness. SEC Filing (Bruce Lucas) InsiderTrades Summary

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”). 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.