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

Analysts at Citizens Jmp began coverage on shares of Slide Insurance (NASDAQ:SLDE - Get Free Report) in a report released on Monday, Marketbeat reports. The brokerage set a "strong-buy" rating and a $25.00 price target on the stock. Citizens Jmp's price target would suggest a potential upside of 34.92% from the stock's current price.

A number of other equities analysts also recently commented on the company. Barclays assumed coverage on Slide Insurance in a report on Monday. They issued an "overweight" rating and a $25.00 price objective on the stock. Morgan Stanley assumed coverage on Slide Insurance in a report on Monday. They issued an "equal weight" rating and a $19.00 price objective on the stock. Wall Street Zen upgraded Slide Insurance to a "hold" rating in a report on Saturday, July 5th. Piper Sandler began coverage on Slide Insurance in a research note on Sunday. They issued an "overweight" rating and a $25.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded Slide Insurance to a "hold" rating and set a $20.00 target price for the company in a research note on Monday. Three investment 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Slide Insurance Trading Down 4.7%

NASDAQ SLDE opened at $18.53 on Monday. Slide Insurance has a twelve month low of $17.77 and a twelve month high of $25.90.

Insider Buying and Selling

In related news, Director Beth Witte Bruce sold 31,029 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $490,568.49. Following the sale, the director owned 251,645 shares of the company's stock, valued at approximately $3,978,507.45. This trade represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen L. Rohde sold 11,082 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $175,206.42. Following the completion of the sale, the director directly owned 9,335 shares in the company, valued at approximately $147,586.35. This trade represents a 54.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,482 shares of company stock valued at $6,758,490.

Institutional Trading of Slide Insurance

An institutional investor recently bought a new position in Slide Insurance stock. Opal Wealth Advisors LLC bought a new stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund 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”).