Neptune Insurance Holdings Inc. (NYSE:NP) Receives $27.54 Average PT from Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.5385.

A number of analysts recently issued reports on NP shares. Cowen started coverage on shares of Neptune Insurance in a report on Monday. They set a “buy” rating on the stock. Wall Street Zen raised shares of Neptune Insurance to a “hold” rating in a report on Saturday, October 11th. National Bankshares set a $23.00 target price on shares of Neptune Insurance in a research report on Monday. Morgan Stanley initiated coverage on shares of Neptune Insurance in a research report on Monday. They issued an “equal weight” rating and a $26.00 target price for the company. Finally, Raymond James Financial initiated coverage on shares of Neptune Insurance in a research report on Monday. They set an “outperform” rating and a $30.00 price objective for the company.

Neptune Insurance Stock Performance

Shares of NYSE NP opened at $25.51 on Monday. The company’s fifty day moving average price is $29.91 and its 200 day moving average price is $31.27. Neptune Insurance has a 1 year low of $22.30 and a 1 year high of $33.23. The company has a market capitalization of $3.52 billion, a PE ratio of -15.55 and a beta of 1.46. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.22 and a current ratio of 2.01.

Insider Buying and Selling

In other news, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $18.75, for a total transaction of $15,377,306.25. Following the completion of the sale, the insider owned 19,530,472 shares in the company, valued at approximately $366,196,350. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Vii L.P. Ftv sold 678,019 shares of Neptune Insurance stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $18.75, for a total transaction of $12,712,856.25. Following the completion of the transaction, the insider directly owned 22,350,631 shares in the company, valued at $419,074,331.25. The trade was a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.63% of the company’s stock.

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.