Brokerages Set Slide Insurance Holdings, Inc. (NASDAQ:SLDE) PT at $23.17

Shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) have earned an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $23.1667.

A number of research firms have recently commented on SLDE. Piper Sandler raised their target price on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Morgan Stanley boosted their price objective on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods increased their target price on Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Finally, Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th.

Slide Insurance Stock Performance

SLDE opened at $17.13 on Friday. The firm has a fifty day moving average price of $17.60 and a 200 day moving average price of $16.39. Slide Insurance has a 1 year low of $12.53 and a 1 year high of $25.90. The stock has a market cap of $2.13 billion and a P/E ratio of 12.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.30 and a quick ratio of 1.30.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.30. The firm had revenue of $265.69 million during the quarter, compared to analysts’ expectations of $279.36 million.

Institutional Investors Weigh In On Slide Insurance

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Slide Insurance during the second quarter valued at approximately $26,000. Comerica Bank raised its stake in Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after purchasing an additional 1,281 shares during the last quarter. CWM LLC acquired a new position in Slide Insurance in the 4th quarter valued at $35,000. Ameritas Investment Partners Inc. purchased a new position in Slide Insurance in the 3rd quarter valued at $35,000. Finally, Strs Ohio acquired a new stake in Slide Insurance during the 3rd quarter worth $77,000.

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”). 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.