Brokerages Set Neptune Insurance Holdings Inc. (NYSE:NP) Target Price at $27.12

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.1154.

NP has been the topic of several recent research reports. Morgan Stanley cut their target price on Neptune Insurance from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 4th. Raymond James Financial set a $24.00 target price on Neptune Insurance in a report on Monday, February 23rd. Keefe, Bruyette & Woods raised their target price on Neptune Insurance from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Evercore set a $30.00 target price on Neptune Insurance in a report on Thursday, February 19th. Finally, BMO Capital Markets upgraded Neptune Insurance from a “market perform” rating to an “outperform” rating and cut their target price for the company from $25.00 to $20.00 in a report on Friday, February 13th.

Neptune Insurance Price Performance

NYSE NP opened at $27.99 on Monday. Neptune Insurance has a fifty-two week low of $14.78 and a fifty-two week high of $33.23. The stock’s 50-day moving average is $22.73 and its two-hundred day moving average is $24.90. The firm has a market cap of $3.87 billion and a P/E ratio of 127.22.

Neptune Insurance (NYSE:NP) last posted its earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, equities analysts expect that Neptune Insurance will post 0.38 EPS for the current year.

Insider Transactions at Neptune Insurance

In other Neptune Insurance news, Director Michael Warren Vostrizansky acquired 23,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $494,500.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Trevor R. Burgess acquired 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $18.71 per share, for a total transaction of $935,500.00. Following the completion of the purchase, the chief executive officer directly owned 2,082,964 shares of the company’s stock, valued at $38,972,256.44. This trade represents a 2.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On Neptune Insurance

A number of institutional investors have recently made changes to their positions in NP. Emerald Mutual Fund Advisers Trust bought a new position in shares of Neptune Insurance in the third quarter worth about $792,000. Maltese Capital Management LLC bought a new position in shares of Neptune Insurance in the third quarter worth about $3,200,000. FNY Investment Advisers LLC bought a new position in shares of Neptune Insurance in the third quarter worth about $171,000. Massachusetts Financial Services Co. MA bought a new position in shares of Neptune Insurance in the fourth quarter worth about $759,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Neptune Insurance in the fourth quarter worth about $2,068,000.

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.