Neptune Insurance (NYSE:NP) Stock Gets Price Target Boost from Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised Neptune Insurance’s price target to $33 from $32 while maintaining a “market perform” rating, implying approximately 16.3% upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $31.68 average target.
• Neptune exceeded quarterly expectations, reporting $0.17 in earnings per share on $59.57 million in revenue, versus estimates of $0.16 and $56.59 million, respectively.
• Shares fell 3.8% to $28.38 during Wednesday trading. Investors are also monitoring substantial insider selling and the planned departure of CFO James Steiner, which could introduce leadership-transition risk despite the company’s positive results and outlook.

Neptune Insurance (NYSE:NP - Get Free Report) had its price target upped by Keefe, Bruyette & Woods from $32.00 to $33.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 16.27% from the stock's current price.

A number of other analysts have also recently commented on NP. BMO Capital Markets cut Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price objective for the company. in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Neptune Insurance from $26.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Piper Sandler reissued an "overweight" rating on shares of Neptune Insurance in a research report on Monday. Weiss Ratings downgraded Neptune Insurance from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Finally, Evercore reaffirmed an "outperform" rating and set a $36.00 price target on shares of Neptune Insurance in a research report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.68.

Neptune Insurance Trading Down 3.8%

NYSE:NP traded down $1.11 during trading hours on Wednesday, reaching $28.38. The company had a trading volume of 533,550 shares, compared to its average volume of 588,774. Neptune Insurance has a 52 week low of $14.78 and a 52 week high of $35.15. The firm has a market cap of $3.89 billion and a price-to-earnings ratio of 113.52. The firm's 50 day moving average price is $30.48 and its 200-day moving average price is $29.36.

Neptune Insurance (NYSE:NP - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $59.57 million for the quarter, compared to analysts' expectations of $56.59 million. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%. On average, analysts forecast that Neptune Insurance will post 0.40 earnings per share for the current fiscal year.

Insider Transactions at Neptune Insurance

In other Neptune Insurance news, insider Matthew Duffy sold 84,441 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $28.10, for a total value of $2,372,792.10. Following the completion of the sale, the insider owned 1,879,798 shares in the company, valued at $52,822,323.80. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Carlon sold 50,000 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $31.15, for a total value of $1,557,500.00. Following the completion of the sale, the director owned 603,500 shares of the company's stock, valued at approximately $18,799,025. The trade was a 7.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,815,570 shares of company stock worth $125,567,525 over the last three months. 74.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd purchased a new stake in Neptune Insurance in the 2nd quarter worth approximately $1,418,000. Sei Investments Co. raised its stake in Neptune Insurance by 203.3% during the 1st quarter. Sei Investments Co. now owns 59,114 shares of the company's stock worth $1,430,000 after acquiring an additional 39,626 shares during the period. Bank of America Corp DE lifted its holdings in Neptune Insurance by 562.1% during the first quarter. Bank of America Corp DE now owns 37,496 shares of the company's stock valued at $907,000 after purchasing an additional 31,833 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Neptune Insurance by 874.4% during the first quarter. Renaissance Technologies LLC now owns 160,703 shares of the company's stock valued at $3,887,000 after purchasing an additional 144,210 shares in the last quarter. Finally, SummitTX Capital L.P. bought a new position in shares of Neptune Insurance in the first quarter worth approximately $898,000.

Key Neptune Insurance News

Here are the key news stories impacting Neptune Insurance this week:

• Positive Sentiment: Neptune reported third-quarter adjusted earnings of $0.17 per share, ahead of the $0.16 analyst consensus and up from $0.11 a year earlier. Revenue rose 34% year over year to approximately $59.6 million, exceeding estimates of $56.6 million. Neptune Insurance Third Quarter 2026 Results
• Positive Sentiment: Management projected approximately $238 million of 2027 revenue and an adjusted EBITDA margin of about 61%, helped by broader adoption of the Atlas+ platform. Quotes using Atlas+ reportedly convert to policies at 3.5 times the rate of other quotes, suggesting potential for continued growth and improved operating leverage. Neptune 2027 Revenue and EBITDA Outlook
• Neutral Sentiment: Mizuho raised its price target for NP to $33 from $31 but maintained a neutral rating. The higher target indicates valuation upside from recent levels, although the unchanged rating suggests the analyst sees a balanced risk-reward profile.
• Negative Sentiment: Neptune disclosed that Chief Financial Officer James Steiner will step down. Although the quarterly results and outlook were positive, the leadership transition introduces execution and continuity risk and could temper the market’s response to the earnings beat. Neptune Q3 Earnings and CFO Transition

About Neptune Insurance

Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.

The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder's location and eligibility.

Neptune's business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.

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