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

Neptune Insurance Holdings Inc. (NYSE:NP) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings 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 12-month price target among brokers that have covered the stock in the last year is $26.50.

A number of research analysts recently commented on NP shares. Weiss Ratings initiated coverage on Neptune Insurance in a research report on Wednesday, December 24th. They issued a “sell (d)” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Neptune Insurance from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $26.00 to $25.00 in a report on Thursday, February 19th. Raymond James Financial set a $24.00 target price on shares of Neptune Insurance in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $32.50 price target on shares of Neptune Insurance in a research report on Wednesday, January 7th.

Insider Buying and Selling at Neptune Insurance

In other Neptune Insurance news, CEO Trevor R. Burgess purchased 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $18.71 per share, with a total value of $935,500.00. Following the acquisition, the chief executive officer owned 2,082,964 shares of the company’s stock, valued at approximately $38,972,256.44. This represents a 2.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Warren Vostrizansky acquired 23,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the transaction, the director owned 23,000 shares in the company, valued at $494,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Maltese Capital Management LLC acquired a new position in Neptune Insurance during the 3rd quarter worth approximately $3,200,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Neptune Insurance in the third quarter valued at approximately $792,000. FJ Capital Management LLC bought a new stake in shares of Neptune Insurance during the fourth quarter worth $289,000. CenterBook Partners LP bought a new stake in shares of Neptune Insurance during the fourth quarter worth $1,206,000. Finally, Capital World Investors acquired a new position in shares of Neptune Insurance during the fourth quarter worth $32,091,000.

Neptune Insurance Trading Up 4.8%

Shares of NP stock opened at $23.28 on Thursday. The stock has a market cap of $3.22 billion and a P/E ratio of 105.80. Neptune Insurance has a 1 year low of $14.78 and a 1 year high of $33.23. The stock has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $25.76.

Neptune Insurance (NYSE:NP) last announced 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 during the quarter, compared to analyst estimates of $39.42 million.

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. 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.