Slide Insurance (NASDAQ:SLDE) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Slide Insurance (NASDAQ:SLDE) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other analysts have also issued reports on SLDE. Keefe, Bruyette & Woods increased their target price on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Piper Sandler increased their target price on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Wall Street Zen downgraded shares of Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays upped their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Slide Insurance currently has an average rating of “Moderate Buy” and a consensus target price of $24.80.

Slide Insurance Stock Down 2.2%

Shares of SLDE traded down $0.42 during mid-day trading on Monday, reaching $18.45. The company’s stock had a trading volume of 3,491,322 shares, compared to its average volume of 1,676,211. The business has a fifty day moving average of $18.13 and a 200 day moving average of $17.37. The company has a market cap of $2.29 billion and a price-to-earnings ratio of 7.14. Slide Insurance has a 1 year low of $12.53 and a 1 year high of $25.90. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03.

Slide Insurance (NASDAQ:SLDE) last released its earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.20. The business had revenue of $389.28 million during the quarter. As a group, analysts forecast that Slide Insurance will post 3.26 earnings per share for the current fiscal year.

Slide Insurance declared that its board has approved a stock buyback program on Tuesday, April 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Slide Insurance news, CEO Bruce Lucas sold 273,702 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $18.11, for a total transaction of $4,956,743.22. Following the transaction, the chief executive officer directly owned 37,620,933 shares of the company’s stock, valued at $681,315,096.63. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 3,059,578 shares of company stock worth $56,002,750 over the last 90 days.

Hedge Funds Weigh In On Slide Insurance

Several hedge funds have recently bought and sold shares of the business. Strs Ohio increased its position in Slide Insurance by 21.6% during the first quarter. Strs Ohio now owns 40,500 shares of the company’s stock worth $729,000 after buying an additional 7,200 shares during the last quarter. Axis Wealth Partners LLC boosted its holdings in Slide Insurance by 100.0% during the first quarter. Axis Wealth Partners LLC now owns 203,502 shares of the company’s stock valued at $3,663,000 after acquiring an additional 101,751 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Slide Insurance by 1,617.1% in the first quarter. Sterling Capital Management LLC now owns 17,600 shares of the company’s stock valued at $317,000 after buying an additional 16,575 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Slide Insurance in the fourth quarter valued at about $382,000. Finally, World Investment Advisors bought a new stake in shares of Slide Insurance in the fourth quarter valued at about $1,964,000.

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Slide reported robust Q1 results: net income rose ~50.8% to $139.5M, diluted EPS $1.02 vs. consensus $0.82, gross premiums written +49.1% to $414.8M, and combined ratio improved to 55.5% — all signs of improving underwriting economics and margin expansion. Slide Reports First Quarter 2026 Results
• Positive Sentiment: The board authorized a $100 million share repurchase program (up to ~4.3% of shares outstanding), effective immediately — a direct capital-return action that can support the share price and EPS if executed. Slide Announces New Stock Repurchase Program
• Positive Sentiment: Independent coverage highlights improved core metrics: ReinsuranceNews reports a 51% rise in net income and better cost-of-risk metrics in Q1, reinforcing the operational story behind the headline results. Slide’s net income rises 51% and CoR improves in Q1’26
• Neutral Sentiment: Analyst writeups (e.g., Zacks coverage of Q1 metrics) provide detailed context on estimates vs. results but do not change the headline beat/repurchase news. Investors may review these to assess sustainability. Zacks Q1 Metrics vs. Estimates
• Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can reduce near-term buying interest from investors who follow that rating and may have contributed to intraday weakness. Zacks Downgrade Coverage

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.