Analysts Set Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Target Price at $19.50

Shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) have been assigned an average rating of "Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.17.

Several equities analysts have weighed in on SLDE shares. JMP Securities set a $25.00 price objective on Slide Insurance and gave the company a "market outperform" rating in a report on Monday. Morgan Stanley initiated coverage on Slide Insurance in a research report on Monday. They set an "equal weight" rating and a $19.00 price target on the stock. Citizens Jmp began coverage on Slide Insurance in a report on Monday. They issued a "strong-buy" rating and a $25.00 price objective for the company. Wall Street Zen raised shares of Slide Insurance to a "hold" rating in a report on Saturday, July 5th. Finally, Barclays initiated coverage on shares of Slide Insurance in a research note on Monday. They issued an "overweight" rating and a $25.00 target price for the company.

Insider Activity at Slide Insurance

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

Institutional Investors Weigh In On Slide Insurance

An institutional investor recently bought a new position 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 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,469 shares of the company's stock, valued at approximately $53,000.

Slide Insurance Price Performance

Shares of Slide Insurance stock traded down $0.25 on Monday, reaching $18.65. 222,795 shares of the company traded hands, compared to its average volume of 1,151,176. Slide Insurance has a 52 week low of $17.30 and a 52 week high of $25.90.

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”).