Neptune Insurance Holdings Inc. (NYSE:NP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.3077.

A number of brokerages have commented on NP. BMO Capital Markets started coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They issued a “market perform” rating and a $25.00 price objective for the company. Cowen began coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued a “buy” rating for the company. JPMorgan Chase & Co. began coverage on Neptune Insurance in a research note on Monday, October 27th. They set a “neutral” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Piper Sandler assumed coverage on Neptune Insurance in a research report on Monday, October 27th. They set an “overweight” rating and a $33.00 target price on the stock.

Neptune Insurance Stock Down 3.0%

NP opened at $26.66 on Friday. The company has a market capitalization of $3.68 billion, a PE ratio of -16.26 and a beta of 1.46. The firm has a 50-day simple moving average of $26.46 and a two-hundred day simple moving average of $29.27. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55. Neptune Insurance has a 52 week low of $22.00 and a 52 week high of $33.23.

Neptune Insurance (NYSE:NP) last posted its earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a negative net margin of 2.53% and a positive return on equity of 11.06%. The business had revenue of $44.37 million during the quarter, compared to analysts’ expectations of $42.58 million.

Institutional Trading of Neptune Insurance

Institutional investors have recently added to or reduced their stakes in the company. Maltese Capital Management LLC bought a new position in shares of Neptune Insurance during the third quarter valued at approximately $3,200,000. Emerald Mutual Fund Advisers Trust bought a new position in Neptune Insurance in the 3rd quarter valued at $792,000. Finally, FNY Investment Advisers LLC purchased a new stake in Neptune Insurance in the third quarter worth $171,000. Institutional investors own 93.37% 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. 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.