Piper Sandler Forecasts Strong Price Appreciation for Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance (NASDAQ:SLDEGet Free Report) had its price target upped by Piper Sandler from $22.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 22.64% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Keefe, Bruyette & Woods increased their target price on shares of Slide Insurance from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Barclays boosted their target price on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley increased their price target on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Slide Insurance has a consensus rating of “Moderate Buy” and an average target price of $24.20.

View Our Latest Stock Analysis on SLDE

Slide Insurance Price Performance

SLDE traded up $0.08 on Thursday, hitting $19.57. 1,438,940 shares of the stock were exchanged, compared to its average volume of 1,095,887. The firm has a market capitalization of $2.43 billion and a price-to-earnings ratio of 14.50. 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 has a 12 month low of $12.53 and a 12 month high of $25.90. The business has a 50-day moving average of $17.60 and a two-hundred day moving average of $16.24.

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

Institutional Investors Weigh In On Slide Insurance

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank increased its position in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 1,281 shares during the last quarter. CWM LLC bought a new stake in Slide Insurance in the 4th quarter valued at about $35,000. Ameritas Investment Partners Inc. purchased a new stake in Slide Insurance during the third quarter valued at about $35,000. Aster Capital Management DIFC Ltd purchased a new stake in Slide Insurance during the fourth quarter valued at about $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in 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 purchasing an additional 2,875 shares during the period.

Key Headlines Impacting Slide Insurance

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

Slide Insurance Company Profile

(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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