Slide Insurance (NASDAQ:SLDE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Slide Insurance (NASDAQ:SLDE) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $19.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 30.95% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Piper Sandler lowered their price target on Slide Insurance from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Slide Insurance in a research report on Wednesday, October 8th. Morgan Stanley raised Slide Insurance from an “equal weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Thursday, September 25th. Barclays initiated coverage on Slide Insurance in a research report on Monday, July 14th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised Slide Insurance from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.17.

Slide Insurance Trading Up 2.3%

Shares of Slide Insurance stock opened at $16.80 on Thursday. The company has a 50 day moving average price of $14.86. Slide Insurance has a 52-week low of $12.53 and a 52-week high of $25.90.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Wednesday, November 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.30.

Slide Insurance announced that its board has initiated a stock buyback plan on Wednesday, August 27th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Slide Insurance

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Slide Insurance in the 2nd quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in Slide Insurance in the 2nd quarter valued at $53,000. Strs Ohio bought a new stake in Slide Insurance in the 3rd quarter valued at $77,000. New York State Common Retirement Fund bought a new stake in Slide Insurance in the 3rd quarter valued at $134,000. Finally, Man Group plc bought a new stake in Slide Insurance in the 2nd quarter valued at $210,000.

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”).