Neptune Insurance Holdings Inc. (NYSE:NP) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Neptune Insurance an average recommendation of Moderate Buy from 14 brokerages (1 sell, 5 hold, 8 buy) with a 12‑month consensus price target of $26.50.
• Insiders have been buying: CEO Trevor R. Burgess purchased 50,000 shares at $18.71 (~$935,500) and Director Michael Vostrizansky bought 23,000 shares at $21.50; insiders own about 0.63% of the stock.
• Neptune beat expectations last quarter, reporting EPS of $0.11 vs. $0.10 expected and revenue of $43.77M vs. $39.42M expected, with the stock trading around $23.28 (market cap ~$3.22B, P/E ~105.8) and up ~4.8%.

Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $26.50.

A number of research analysts recently commented on NP shares. Weiss Ratings initiated coverage on Neptune Insurance in a research report on Wednesday, December 24th. They issued a "sell (d)" rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Neptune Insurance from $29.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised shares of Neptune Insurance from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $26.00 to $25.00 in a report on Thursday, February 19th. Raymond James Financial set a $24.00 target price on shares of Neptune Insurance in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $32.50 price target on shares of Neptune Insurance in a research report on Wednesday, January 7th.

Insider Buying and Selling at Neptune Insurance

In other Neptune Insurance news, CEO Trevor R. Burgess purchased 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $18.71 per share, with a total value of $935,500.00. Following the acquisition, the chief executive officer owned 2,082,964 shares of the company's stock, valued at approximately $38,972,256.44. This represents a 2.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Warren Vostrizansky acquired 23,000 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the transaction, the director owned 23,000 shares in the company, valued at $494,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Maltese Capital Management LLC acquired a new position in Neptune Insurance during the 3rd quarter worth approximately $3,200,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Neptune Insurance in the third quarter valued at approximately $792,000. FJ Capital Management LLC bought a new stake in shares of Neptune Insurance during the fourth quarter worth $289,000. CenterBook Partners LP bought a new stake in shares of Neptune Insurance during the fourth quarter worth $1,206,000. Finally, Capital World Investors acquired a new position in shares of Neptune Insurance during the fourth quarter worth $32,091,000.

Neptune Insurance Trading Up 4.8%

Shares of NP stock opened at $23.28 on Thursday. The stock has a market cap of $3.22 billion and a P/E ratio of 105.80. Neptune Insurance has a 1 year low of $14.78 and a 1 year high of $33.23. The stock has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $25.76.

Neptune Insurance (NYSE:NP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $43.77 million during the quarter, compared to analyst estimates of $39.42 million.

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.

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