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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Mixed Outlook for Slide Insurance Holdings, Inc.: Strong Underwriting Income Amidst Growth and Profitability Concerns
- Slide Insurance reports Q2 EPS 56c, consensus 44c