JMP Securities Reiterates "$25.00" Price Target for Slide Insurance (NASDAQ:SLDE)

Slide Insurance (NASDAQ:SLDE - Get Free Report) has been given a $25.00 price objective by stock analysts at JMP Securities in a research report issued on Monday, MarketBeat.com reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' target price points to a potential upside of 32.28% from the company's current price.

A number of other equities analysts also recently commented on SLDE. Keefe, Bruyette & Woods raised shares of Slide Insurance to a "hold" rating and set a $20.00 price objective for the company in a research note on Monday. Barclays assumed coverage on Slide Insurance in a research report on Monday. They set an "overweight" rating and a $25.00 price target on the stock. Citizens Jmp assumed coverage on Slide Insurance in a research report on Monday. They set a "strong-buy" rating and a $25.00 price target on the stock. Piper Sandler assumed coverage on Slide Insurance in a research report on Sunday. They set an "overweight" rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised Slide Insurance to a "hold" rating in a research report on Saturday, July 5th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Slide Insurance Price Performance

NASDAQ:SLDE traded up $0.37 during trading hours on Monday, reaching $18.90. The company's stock had a trading volume of 778,803 shares, compared to its average volume of 1,203,050. Slide Insurance has a 12 month low of $17.30 and a 12 month high of $25.90.

Insider Activity

In other news, Director Beth Witte Bruce sold 31,029 shares of the business's stock in a transaction 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 sale, the director directly owned 251,645 shares of the company's stock, valued at $3,978,507.45. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen L. Rohde sold 11,082 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $15.81, for a total transaction of $175,206.42. Following the sale, the director directly owned 9,335 shares in the company, valued at $147,586.35. This trade represents a 54.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,482 shares of company stock valued at $6,758,490 over the last ninety days.

Institutional Investors Weigh In On Slide Insurance

A hedge fund recently bought a new stake in Slide Insurance stock. Opal Wealth Advisors LLC acquired a new position in Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,469 shares of the company's stock, valued at approximately $53,000.

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”).