Slide Insurance (NASDAQ:SLDE) Upgraded by Piper Sandler to Strong-Buy Rating

Slide Insurance (NASDAQ:SLDE - Get Free Report) was upgraded by equities research analysts at Piper Sandler to a "strong-buy" rating in a report issued on Sunday, MarketBeat Ratings reports.

SLDE has been the subject of a number of other research reports. Citizens Jmp assumed coverage on shares of Slide Insurance in a research report on Monday. They issued a "strong-buy" rating and a $25.00 target price for the company. JMP Securities set a $25.00 target price on shares of Slide Insurance and gave the company a "market outperform" rating in a research report on Monday. Wall Street Zen raised shares of Slide Insurance to a "hold" rating in a research report on Saturday, July 5th. Citigroup started coverage on shares of Slide Insurance in a research report on Monday. They issued an "outperform" rating for the company. Finally, 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 report on Monday. Three 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.17.

Slide Insurance Stock Up 0.5%

Slide Insurance stock traded up $0.10 during mid-day trading on Friday, reaching $18.55. The company's stock had a trading volume of 209,453 shares, compared to its average volume of 1,114,406. Slide Insurance has a 12 month low of $17.30 and a 12 month high of $25.90.

Insider Activity

In other Slide Insurance news, Director Robert Gries, Jr. sold 358,457 shares of Slide Insurance stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.81, for a total value of $5,667,205.17. Following the completion of the sale, the director owned 2,031,265 shares in the company, valued at $32,114,299.65. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen L. Rohde sold 11,082 shares of Slide Insurance stock in a transaction dated 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 owned 9,335 shares of the company's stock, valued at $147,586.35. This trade represents a 54.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 427,482 shares of company stock valued at $6,758,490 in the last quarter.

Institutional Trading of Slide Insurance

An institutional investor recently bought a new position in Slide Insurance stock. Opal Wealth Advisors LLC acquired a new position in Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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”).