Neptune Insurance Holdings Inc. (NYSE:NP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One 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 target price among brokerages that have issued a report on the stock in the last year is $26.6538.

A number of research analysts have recently weighed in on the company. Weiss Ratings started coverage on Neptune Insurance in a research report on Wednesday, December 24th. They set a “sell (d)” rating for the company. The Goldman Sachs Group restated a “buy” rating and set a $32.50 price target on shares of Neptune Insurance in a report on Wednesday, January 7th. Raymond James Financial set a $24.00 price objective on Neptune Insurance in a research note on Monday, February 23rd. Morgan Stanley increased their target price on Neptune Insurance from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, BMO Capital Markets upgraded shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Friday, February 13th.

Insider Activity at Neptune Insurance

In other Neptune Insurance news, Director Michael Warren Vostrizansky bought 23,000 shares of Neptune Insurance stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $494,500.00. Following the acquisition, the director directly owned 23,000 shares in the company, valued at approximately $494,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new stake in Neptune Insurance during the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Neptune Insurance in the 4th quarter worth approximately $125,000. FNY Investment Advisers LLC bought a new position in shares of Neptune Insurance during the 3rd quarter valued at approximately $171,000. Symmetry Investments LP purchased a new stake in Neptune Insurance during the 4th quarter valued at $204,000. Finally, FJ Capital Management LLC bought a new stake in Neptune Insurance in the fourth quarter worth $289,000.

Neptune Insurance Price Performance

Shares of NP opened at $20.83 on Friday. The firm has a market cap of $2.88 billion and a P/E ratio of 94.68. Neptune Insurance has a 1 year low of $14.78 and a 1 year high of $33.23. The company has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $27.11.

Neptune Insurance (NYSE:NP) last issued its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $43.77 million for the quarter, compared to the consensus estimate of $39.42 million.

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.