Barclays Begins Coverage on Slide Insurance (NASDAQ:SLDE)

Barclays initiated coverage on shares of Slide Insurance (NASDAQ:SLDE) in a report issued on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $25.00 price objective on the stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley started coverage on Slide Insurance in a research report on Monday. They set an “equal weight” rating and a $19.00 price objective for the company. Citigroup started coverage on shares of Slide Insurance in a report on Monday. They set an “outperform” rating for the company. Piper Sandler started coverage on shares of Slide Insurance in a research note on Sunday. They issued an “overweight” rating and a $25.00 price objective on the stock. Wall Street Zen raised shares of Slide Insurance to a “hold” rating in a research note on Saturday, July 5th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Slide Insurance in a research note on Monday. They issued a “market perform” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Slide Insurance has an average rating of “Moderate Buy” and an average price target of $23.17.

Slide Insurance Stock Performance

Shares of NASDAQ:SLDE opened at $19.44 on Monday. Slide Insurance has a 12-month low of $17.77 and a 12-month high of $25.90.

Insiders Place Their Bets

In related news, Director Stephen L. Rohde sold 11,082 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $15.81, for a total value of $175,206.42. Following the completion of the sale, the director directly owned 9,335 shares in the company, valued at approximately $147,586.35. This represents a 54.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Beth Witte Bruce sold 31,029 shares of the firm’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $15.81, for a total value of $490,568.49. Following the transaction, the director owned 251,645 shares in the company, valued at approximately $3,978,507.45. This trade represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,482 shares of company stock valued at $6,758,490 over the last ninety days.

Institutional Trading of Slide Insurance

An institutional investor recently bought a new position in Slide Insurance stock. Opal Wealth Advisors LLC bought a new position in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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”).