Neptune Insurance Holdings Inc. (NYSE:NP) Receives $26.65 Consensus PT from Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

NP has been the subject of several recent analyst reports. Piper Sandler cut their target price on Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Raymond James Financial set a $24.00 price target on Neptune Insurance in a research note on Monday, February 23rd. BMO Capital Markets upgraded Neptune Insurance from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $25.00 to $20.00 in a report on Friday, February 13th. Bank of America upgraded shares of Neptune Insurance from an “underperform” rating to a “neutral” rating and set a $23.00 price objective on the stock in a report on Friday, February 20th. Finally, Evercore set a $30.00 target price on shares of Neptune Insurance in a research report on Thursday, February 19th.

Neptune Insurance Price Performance

Neptune Insurance stock opened at $20.13 on Friday. The firm has a 50 day simple moving average of $24.07 and a 200-day simple moving average of $26.72. The stock has a market cap of $2.78 billion and a price-to-earnings ratio of 91.50. Neptune Insurance has a 1-year low of $14.78 and a 1-year high of $33.23.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $43.77 million for the quarter, compared to analysts’ expectations of $39.42 million.

Insider Activity

In related news, Director Michael Warren Vostrizansky purchased 23,000 shares of Neptune Insurance stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $21.50 per share, with a total value of $494,500.00. Following the purchase, the director owned 23,000 shares of the company’s stock, valued at approximately $494,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Trading of Neptune Insurance

Institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $133,488,000. XTX Topco Ltd acquired a new position in shares of Neptune Insurance during the fourth quarter worth about $361,000. Zimmer Partners LP acquired a new position in shares of Neptune Insurance during the fourth quarter worth $3,645,000. Symmetry Investments LP purchased a new position in shares of Neptune Insurance in the 4th quarter valued at about $204,000. Finally, Readystate Asset Management LP purchased a new position in Neptune Insurance in the fourth quarter valued at approximately $1,448,000.

Neptune Insurance Company Profile

Our mission is to create a smarter, more resilient insurance platform powered by AI, data science, and technology, enabling insurers to deploy capacity with confidence and delivering instant access to coverage for policyholders and agents. Neptune is a leading, high-growth, highly profitable, data-driven managing general agent that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies.