Barclays Raises Slide Insurance (NASDAQ:SLDE) Price Target to $29.00

Slide Insurance (NASDAQ:SLDEGet Free Report) had its price target hoisted by analysts at Barclays from $25.00 to $29.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 48.34% from the stock’s current price.

A number of other research analysts have also issued reports on SLDE. Keefe, Bruyette & Woods boosted their price target on Slide Insurance from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Piper Sandler increased their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley raised their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Slide Insurance currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

Check Out Our Latest Analysis on SLDE

Slide Insurance Price Performance

NASDAQ SLDE opened at $19.55 on Wednesday. The company has a 50-day moving average price of $17.62 and a two-hundred day moving average price of $16.26. Slide Insurance has a 52 week low of $12.53 and a 52 week high of $25.90. The stock has a market cap of $2.43 billion and a price-to-earnings ratio of 14.48. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.04.

Slide Insurance (NASDAQ:SLDEGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Hedge Funds Weigh In On Slide Insurance

A number of hedge funds have recently modified their holdings of SLDE. American Century Companies Inc. purchased a new stake in Slide Insurance in the 2nd quarter worth approximately $56,229,000. Raymond James Financial Inc. acquired a new position in shares of Slide Insurance in the second quarter worth $33,063,000. Capital World Investors raised its holdings in shares of Slide Insurance by 49.4% during the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after acquiring an additional 1,483,180 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Slide Insurance during the second quarter worth $31,542,000. Finally, Balyasny Asset Management L.P. boosted its position in Slide Insurance by 314.8% during the third quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock valued at $21,753,000 after purchasing an additional 1,045,826 shares during the last quarter.

Slide Insurance News Summary

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.

Read More

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.