Brokerages Set Neptune Insurance Holdings Inc. (NYSE:NP) PT at $27.96

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $27.9615.

Several analysts recently issued reports on NP shares. Bank of America increased their price objective on Neptune Insurance from $21.00 to $22.50 and gave the stock an “underperform” rating in a report on Thursday, November 13th. Wall Street Zen raised Neptune Insurance to a “hold” rating in a research report on Saturday, October 11th. Mizuho raised their price target on Neptune Insurance from $23.00 to $26.00 and gave the stock an “underperform” rating in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on Neptune Insurance in a report on Monday, October 27th. They set a “buy” rating and a $29.00 price target for the company. Finally, BMO Capital Markets initiated coverage on Neptune Insurance in a report on Monday, October 27th. They issued a “market perform” rating and a $25.00 price objective on the stock.

Insider Activity at Neptune Insurance

In other Neptune Insurance news, CFO James Steiner purchased 119,050 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $2,381,000.00. Following the acquisition, the chief financial officer owned 4,384,715 shares of the company’s stock, valued at $87,694,300. This trade represents a 2.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Trevor R. Burgess acquired 50,000 shares of Neptune Insurance stock in a transaction that occurred on Thursday, October 2nd. The stock was acquired at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the purchase, the chief executive officer owned 2,032,964 shares in the company, valued at $40,659,280. The trade was a 2.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 174,050 shares of company stock worth $3,481,000 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Neptune Insurance during the 3rd quarter worth $171,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Neptune Insurance in the third quarter worth about $792,000. Finally, Maltese Capital Management LLC acquired a new position in shares of Neptune Insurance during the 3rd quarter worth about $3,200,000. Institutional investors own 93.37% of the company’s stock.

Neptune Insurance Stock Performance

NP stock opened at $29.42 on Tuesday. The firm has a 50 day simple moving average of $25.49 and a 200 day simple moving average of $29.60. Neptune Insurance has a 52 week low of $22.00 and a 52 week high of $33.23. The stock has a market cap of $4.06 billion, a P/E ratio of -17.94 and a beta of 1.46. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.22 and a current ratio of 2.01.

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

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.