Neptune Insurance (NYSE:NP) Price Target Raised to $22.50

Neptune Insurance (NYSE:NP) had its price target hoisted by Bank of America from $21.00 to $22.50 in a research note published on Thursday,Benzinga reports. Bank of America currently has an underperform rating on the stock.

Other equities research analysts have also issued reports about the stock. National Bankshares set a $23.00 target price on shares of Neptune Insurance in a research note on Monday, October 27th. Evercore ISI assumed coverage on Neptune Insurance in a report on Monday, October 27th. They issued an “outperform” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Neptune Insurance in a research report on Monday, October 27th. They issued a “neutral” rating and a $25.00 target price on the stock. Zacks Research raised shares of Neptune Insurance to a “hold” rating in a research report on Tuesday, October 28th. Finally, Mizuho assumed coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued an “underperform” rating and a $23.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.88.

Neptune Insurance Price Performance

NP opened at $24.60 on Thursday. The company’s 50-day simple moving average is $28.37 and its two-hundred day simple moving average is $30.73. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.22 and a current ratio of 2.01. The stock has a market capitalization of $3.40 billion, a P/E ratio of -15.00 and a beta of 1.46. Neptune Insurance has a 52-week low of $22.30 and a 52-week high of $33.23.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $44.37 million for the quarter, compared to analysts’ expectations of $42.58 million. Neptune Insurance had a negative net margin of 2.53% and a positive return on equity of 11.06%. Neptune Insurance has set its FY 2026 guidance at EPS.

Insider Buying and Selling at Neptune Insurance

In other news, CFO James Steiner bought 119,050 shares of the stock in a transaction dated Thursday, October 2nd. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $2,381,000.00. Following the transaction, the chief financial officer owned 4,384,715 shares of the company’s stock, valued at $87,694,300. The trade was a 2.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor R. Burgess purchased 50,000 shares of Neptune Insurance stock in a transaction that occurred on Thursday, October 2nd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the transaction, the chief executive officer directly owned 2,032,964 shares of the company’s stock, valued at $40,659,280. The trade was a 2.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 174,050 shares of company stock worth $3,481,000 over the last three months. 0.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Neptune Insurance

A hedge fund recently bought a new stake in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is currently owned by institutional investors.

About Neptune Insurance

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.