Piper Sandler lowered the firm’s price target on Slide Insurance (SLDE) to $18 from $25 and keeps an Overweight rating on the shares. The firm notes Slide announced on Wednesday that its Board of Directors has authorized the repurchase of up to $75M of the company’s common stock. The stock traded down more than Piper thinks was warranted after its Q2 earnings. Despite the Florida peers trading lower generally after Q2 earnings, the firm believes the recently announced repurchase program is an incremental positive as well.
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Read More on SLDE:
- Slide Insurance announces $75M stock repurchase program
- Slide Insurance price target lowered to $18 from $19 at Morgan Stanley
- Slide Insurance Holdings Reports Strong Q2 2025 Growth
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