Neptune Insurance (NYSE:NP) Stock Rating Upgraded by Keefe, Bruyette & Woods

Neptune Insurance (NYSE:NP) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Thursday, Marketbeat reports. The brokerage currently has a $25.00 target price on the stock, down from their prior target price of $26.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 17.59% from the stock’s current price.

Other research analysts have also issued reports about the stock. National Bank Financial set a $23.00 target price on shares of Neptune Insurance in a research note on Monday, October 27th. Bank of America upped their price target on shares of Neptune Insurance from $21.00 to $22.50 and gave the company an “underperform” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. started coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “neutral” rating and a $25.00 price objective on the stock. Mizuho boosted their price objective on Neptune Insurance from $23.00 to $26.00 and gave the stock an “underperform” rating in a research report on Thursday, November 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.50 target price on shares of Neptune Insurance in a report on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.73.

Neptune Insurance Price Performance

Shares of NYSE:NP opened at $21.26 on Thursday. The stock has a market capitalization of $2.93 billion and a P/E ratio of 193.27. The business has a 50-day moving average of $25.75 and a two-hundred day moving average of $27.52. Neptune Insurance has a fifty-two week low of $14.78 and a fifty-two week high of $33.23.

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

Institutional Inflows and Outflows

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

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.