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

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.17.

Several research analysts have commented on SLDE shares. Citizens Jmp started coverage on shares of Slide Insurance in a report on Monday. They issued a "mkt outperform" rating and a $25.00 target price for the company. Citigroup began coverage on shares of Slide Insurance in a research report on Monday. They issued an "outperform" rating for the company. Keefe, Bruyette & Woods started coverage on shares of Slide Insurance in a research report on Monday. They set a "market perform" rating and a $20.00 price objective on the stock. Barclays began coverage on Slide Insurance in a report on Monday. They issued an "overweight" rating and a $25.00 target price for the company. Finally, Morgan Stanley initiated coverage on Slide Insurance in a report on Monday. They set an "equal weight" rating and a $19.00 price target on the stock.

Insider Activity

In related news, Director Stephen L. Rohde sold 11,082 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beth Witte Bruce sold 31,029 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $15.81, for a total value of $490,568.49. Following the completion of the transaction, the director owned 251,645 shares in the company, valued at $3,978,507.45. This trade represents a 10.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,482 shares of company stock worth $6,758,490 in the last ninety days.

Hedge Funds 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 shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,469 shares of the company's stock, valued at approximately $53,000.

Slide Insurance Stock Performance

Shares of NASDAQ SLDE traded up $0.25 during mid-day trading on Monday, reaching $19.44. The company had a trading volume of 368,310 shares, compared to its average volume of 1,267,731. Slide Insurance has a 1-year low of $17.77 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”).