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

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $27.7308.

NP has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Monday, April 27th. BMO Capital Markets raised shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Friday, February 13th. Mizuho upped their target price on shares of Neptune Insurance from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Neptune Insurance from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd.

Neptune Insurance Price Performance

Shares of NYSE:NP opened at $27.33 on Friday. The company’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $25.02. Neptune Insurance has a one year low of $14.78 and a one year high of $33.23. The stock has a market capitalization of $3.78 billion and a PE ratio of 101.23.

Neptune Insurance (NYSE:NP) last issued its earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $37.80 million during the quarter, compared to the consensus estimate of $36.96 million. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts anticipate that Neptune Insurance will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Neptune Insurance news, major shareholder Vii L.P. Ftv sold 787,806 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total value of $20,798,078.40. Following the transaction, the insider directly owned 16,310,781 shares of the company’s stock, valued at $430,604,618.40. This represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trevor R. Burgess purchased 50,000 shares of the stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $18.71 per share, for a total transaction of $935,500.00. Following the completion of the acquisition, the chief executive officer owned 2,082,964 shares in the company, valued at approximately $38,972,256.44. This trade represents a 2.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 11,317,604 shares of company stock valued at $298,784,746. 74.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN bought a new position in Neptune Insurance in the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. bought a new position in Neptune Insurance in the 4th quarter valued at about $125,000. FNY Investment Advisers LLC bought a new position in Neptune Insurance in the 3rd quarter valued at about $171,000. Symmetry Investments LP bought a new position in Neptune Insurance in the 4th quarter valued at about $204,000. Finally, FJ Capital Management LLC bought a new position in Neptune Insurance in the 4th quarter valued at about $289,000.

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.