Slide Insurance (NASDAQ:SLDE) Given New $29.00 Price Target at Barclays

Slide Insurance (NASDAQ:SLDEGet Free Report) had its price objective hoisted by stock analysts at Barclays from $25.00 to $29.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 53.52% from the company’s current price.

Several other research firms have also recently weighed in on SLDE. Piper Sandler boosted their target price on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Keefe, Bruyette & Woods upped their target price on shares of Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Morgan Stanley lifted their price target on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Finally, Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Get Our Latest Stock Analysis on Slide Insurance

Slide Insurance Stock Up 6.3%

Shares of SLDE stock traded up $1.12 during trading hours on Wednesday, reaching $18.89. 3,057,947 shares of the stock were exchanged, compared to its average volume of 1,000,784. Slide Insurance has a 12-month low of $12.53 and a 12-month high of $25.90. The business’s fifty day moving average is $17.57 and its two-hundred day moving average is $16.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $2.35 billion and a P/E ratio of 13.99.

Slide Insurance (NASDAQ:SLDEGet Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its position in shares of Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares during the last quarter. CWM LLC purchased a new stake in Slide Insurance during the 4th quarter worth $35,000. Ameritas Investment Partners Inc. acquired a new position in Slide Insurance during the 3rd quarter worth approximately $35,000. Aster Capital Management DIFC Ltd acquired a new stake in Slide Insurance during the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Slide Insurance by 5,637.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,926 shares of the company’s stock worth $57,000 after acquiring an additional 2,875 shares during the last quarter.

More Slide Insurance News

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

About Slide Insurance

(Get Free Report)

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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Analyst Recommendations for Slide Insurance (NASDAQ:SLDE)

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