Neptune Insurance Holdings Inc. (NYSE:NP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.6538.

Several equities analysts have recently weighed in on NP shares. Bank of America raised Neptune Insurance from an “underperform” rating to a “neutral” rating and set a $23.00 price target on the stock in a report on Friday, February 20th. Weiss Ratings assumed coverage on Neptune Insurance in a research report on Wednesday, December 24th. They issued a “sell (d)” rating on the stock. Morgan Stanley upped their price target on shares of Neptune Insurance from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Raymond James Financial set a $24.00 price objective on shares of Neptune Insurance in a report on Monday, February 23rd. Finally, Piper Sandler decreased their price target on shares of Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th.

Insiders Place Their Bets

In related news, Director Michael Warren Vostrizansky purchased 23,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the acquisition, the director owned 23,000 shares of the company’s stock, valued at approximately $494,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

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

Neptune Insurance Stock Performance

Shares of NYSE:NP opened at $20.83 on Friday. The business has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $27.11. The firm has a market cap of $2.88 billion and a price-to-earnings ratio of 94.68. 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 released its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $43.77 million for the quarter, compared to analysts’ expectations 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.