Neptune Insurance Holdings Inc. (NYSE:NP) Stock Has Average Target Price of $32.29

Key Points

• Analyst sentiment is moderately positive: Seven of 13 analysts rate Neptune Insurance a buy and six recommend hold, producing a “Moderate Buy” consensus and an average price target of $32.29.
• Latest quarterly results beat estimates: Neptune reported EPS of $0.17 versus the $0.16 consensus and revenue of $59.57 million compared with estimates of $56.59 million.
• Insiders have been selling shares: Insiders sold 546,006 shares worth about $16.0 million over the past three months, though company insiders still own 74.26% of the stock.

Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.29.

A number of equities analysts recently weighed in on the company. Evercore reissued an "outperform" rating and set a $36.00 price objective on shares of Neptune Insurance in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Neptune Insurance from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Neptune Insurance from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 21st. BMO Capital Markets lowered shares of Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price objective for the company. in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Neptune Insurance from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 13th.

Insider Buying and Selling at Neptune Insurance

In other news, insider Matthew Duffy sold 84,441 shares of the firm's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $28.10, for a total transaction of $2,372,792.10. Following the transaction, the insider directly owned 1,879,798 shares of the company's stock, valued at approximately $52,822,323.80. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO James Steiner sold 57,012 shares of Neptune Insurance stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $31.71, for a total value of $1,807,850.52. Following the completion of the transaction, the chief financial officer owned 3,749,050 shares in the company, valued at approximately $118,882,375.50. This represents a 1.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 546,006 shares of company stock valued at $16,003,269. Company insiders own 74.26% of the company's stock.

Hedge Funds Weigh In On Neptune Insurance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in Neptune Insurance by 41.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,727 shares of the company's stock worth $47,000 after acquiring an additional 503 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Neptune Insurance in the third quarter valued at about $105,000. State of Wyoming raised its stake in shares of Neptune Insurance by 80.7% during the third quarter. State of Wyoming now owns 5,026 shares of the company's stock valued at $137,000 after acquiring an additional 2,244 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Neptune Insurance by 73.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,440 shares of the company's stock valued at $180,000 after acquiring an additional 3,146 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Neptune Insurance in the second quarter worth about $296,000.

Neptune Insurance Stock Performance

Shares of NYSE:NP opened at $27.82 on Friday. The firm has a market capitalization of $3.84 billion and a PE ratio of 86.93. Neptune Insurance has a 52-week low of $14.78 and a 52-week high of $35.15. The firm has a fifty day moving average of $29.58 and a 200 day moving average of $27.54.

Neptune Insurance (NYSE:NP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $59.57 million during the quarter, compared to analyst estimates of $56.59 million. Neptune Insurance had a negative return on equity of 26.63% and a net margin of 22.71%. On average, sell-side analysts forecast that Neptune Insurance will post 0.41 EPS for the current fiscal year.

Neptune Insurance Company Profile

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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