Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analyst consensus: Nine brokerages give Slide an average rating of "Buy" (6 buys, 2 strong buys, 1 hold) with a one‑year consensus target of $24.40 and several recent target upgrades (e.g., Barclays to $29, Piper Sandler to $24).
• Earnings beat: Slide reported quarterly EPS of $1.23 versus a $0.87 consensus and $347.0M revenue, a strong beat that has supported the recent analyst upgrades and positive sentiment.
• Insider selling: Significant insider sales have occurred recently—including transactions by a director, the COO and the CEO—with 2.69 million shares (~$49.1M) sold in the past 90 days, even as several institutions added or increased positions.

Shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) have been given an average rating of "Buy" by the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.40.

A number of brokerages have issued reports on SLDE. Piper Sandler lifted their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, February 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 report on Monday, March 9th. Texas Capital upgraded shares of Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Wall Street Zen downgraded shares of Slide Insurance from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Slide Insurance in a report on Friday, December 26th.

Insider Activity at Slide Insurance

In other Slide Insurance news, Director Robert Gries, Jr. sold 28,212 shares of Slide Insurance stock in a transaction on Monday, April 6th. The shares were sold at an average price of $18.06, for a total value of $509,508.72. Following the sale, the director directly owned 1,946,629 shares in the company, valued at approximately $35,156,119.74. The trade was a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shannon Lucas sold 25,621 shares of the business's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $18.05, for a total transaction of $462,459.05. Following the completion of the sale, the chief operating officer owned 1,401,448 shares in the company, valued at approximately $25,296,136.40. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,690,137 shares of company stock valued at $49,118,953.

Institutional Trading of Slide Insurance

A number of large investors have recently made changes to their positions in SLDE. Comerica Bank increased 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 worth $26,000 after buying an additional 1,281 shares during the last quarter. CWM LLC bought a new stake in shares of Slide Insurance in the 4th quarter worth about $35,000. Ameritas Investment Partners Inc. bought a new stake in shares of Slide Insurance in the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Slide Insurance in the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock worth $49,000 after buying an additional 2,468 shares during the last quarter.

Slide Insurance News Summary

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

• Positive Sentiment: Slide reported a strong quarterly beat (EPS $1.23 vs. $0.87 consensus) with $347.0M revenue, a result that supports the company’s profitability narrative and likely underpins recent analyst upgrades. Earnings & Coverage
• Positive Sentiment: Multiple brokerages have raised ratings/targets recently (Barclays lifted its target to $29; Keefe Bruyette & Woods and others raised views), reinforcing buy-side sentiment and giving upside to the consensus $24.40 target. Analyst Notes
• Positive Sentiment: Institutional buying—several funds established new positions in Slide over recent quarters—suggests professional interest and a degree of confidence in the business model and growth runway. Institutional Activity
• Neutral Sentiment: Financial profile is solid on fundamentals: low debt-to-equity (~0.03), current/quick ratio ~1.34 and a P/E ~7 — attractive valuation but also reflective of insurance-sector cyclicality. Metrics
• Negative Sentiment: Significant insider selling by CEO Bruce Lucas: filings show ~259k and ~274k shares sold (Apr 13 and Apr 9) at roughly $18.05–$18.11, totaling several million dollars—large sales from the CEO tend to pressure sentiment even if they leave substantial residual holdings. CEO Filing
• Negative Sentiment: COO Shannon Lucas has executed a series of sales across March–April (including 25,621 shares on Apr 13 at $18.05 and multiple earlier transactions), representing a steady reduction of her stake and adding to market concern over insider liquidity. COO Sales
• Negative Sentiment: Fool coverage highlights that the Chief Risk Officer recently sold all of his shares again—this repeated full exit by a risk leader is being viewed negatively by some investors given the role’s relevance to underwriting and capital management. Fool Article

Slide Insurance Stock Down 0.8%

SLDE opened at $17.91 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. Slide Insurance has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. The firm's fifty day moving average is $17.78 and its 200 day moving average is $17.14. The stock has a market cap of $2.23 billion and a price-to-earnings ratio of 6.94.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its 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 firm had revenue of $347.01 million for the quarter.

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”). 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.

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