Stephen Rohde Sells 5,000 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $19.50, for a total value of $97,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Slide Insurance Stock Down 5.1%

SLDE opened at $18.48 on Friday. The company has a market cap of $2.30 billion and a PE ratio of 7.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.34. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The firm has a 50 day moving average price of $17.59 and a 200 day moving average price of $16.40.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Institutional Investors Weigh In On Slide Insurance

Large investors have recently made changes to their positions in the company. Comerica Bank raised its position in Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Slide Insurance by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock worth $313,000 after acquiring an additional 1,704 shares in the last quarter. CWM LLC acquired a new position in shares of Slide Insurance during the 4th quarter worth $35,000. Ameritas Investment Partners Inc. bought a new position in shares of Slide Insurance during the 3rd quarter valued at $35,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Slide Insurance during the 4th quarter valued at $47,000.

Analysts Set New Price Targets

SLDE has been the subject of several analyst reports. Morgan Stanley upped their target price on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Barclays boosted their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Piper Sandler raised their price target on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Slide Insurance has an average rating of “Moderate Buy” and a consensus target price of $24.20.

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”). 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.