Zacks Research Downgrades Slide Insurance (NASDAQ:SLDE) to Hold

Slide Insurance (NASDAQ:SLDE) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

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

Slide Insurance Stock Down 3.3%

NASDAQ:SLDE traded down $0.63 during mid-day trading on Monday, hitting $18.24. The stock had a trading volume of 3,527,517 shares, compared to its average volume of 1,677,263. The stock has a 50-day simple moving average of $18.13 and a two-hundred day simple moving average of $17.37. The company has a market capitalization of $2.27 billion and a PE ratio of 7.09. Slide Insurance has a twelve month low of $12.53 and a twelve month high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03.

Slide Insurance (NASDAQ:SLDE) last issued its earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.20. The firm had revenue of $389.28 million during the quarter. On average, equities research analysts anticipate that Slide Insurance will post 3.26 EPS for the current year.

Slide Insurance declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Bruce Lucas sold 273,702 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $18.11, for a total transaction of $4,956,743.22. Following the completion of the transaction, the chief executive officer directly owned 37,620,933 shares of the company’s stock, valued at approximately $681,315,096.63. This represents a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 3,059,578 shares of company stock worth $56,002,750.

Institutional Investors Weigh In On Slide Insurance

Several institutional investors have recently made changes to their positions in SLDE. Raymond James Financial Inc. purchased a new stake in shares of Slide Insurance during the 2nd quarter worth $33,063,000. Capital World Investors boosted its position in shares of Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after purchasing an additional 1,483,180 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Slide Insurance by 314.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after purchasing an additional 1,045,826 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Slide Insurance by 1,375.7% during the 4th quarter. HB Wealth Management LLC now owns 892,586 shares of the company’s stock worth $17,388,000 after purchasing an additional 832,102 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Slide Insurance during the 4th quarter worth $13,016,000.

Trending Headlines about 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.