Neptune Insurance (NYSE:NP) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Technical move: Shares passed above the 200‑day moving average (200‑day MA $24.87), trading as high as $26.83 and last at $25.08 on about 203,800 shares, despite a noted 3.2% decline intraday.
• Analyst sentiment: Consensus is a "Moderate Buy" with an average target of $27.42 (8 Buys, 5 Holds, 1 Sell), although several firms have recently trimmed price targets.
• Insiders and fundamentals: CEO Trevor Burgess bought 50,000 shares at $18.71 and a director bought 23,000 at $21.50; the company reported Q earnings of $0.09 (in line) and revenue of $37.8M, up 28.8% year‑over‑year.

Shares of Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.87 and traded as high as $26.83. Neptune Insurance shares last traded at $25.0750, with a volume of 203,812 shares trading hands.

Analyst Ratings Changes

NP has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Neptune Insurance from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 4th. BMO Capital Markets upgraded shares of Neptune Insurance from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $25.00 to $20.00 in a research note on Friday, February 13th. Evercore set a $30.00 price objective on shares of Neptune Insurance in a research note on Thursday, February 19th. Weiss Ratings reiterated a "sell (d)" rating on shares of Neptune Insurance in a research note on Monday, April 20th. Finally, Piper Sandler lowered their price target on Neptune Insurance from $33.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.42.

Neptune Insurance Stock Down 3.2%

The company has a fifty day moving average of $23.62 and a two-hundred day moving average of $24.87. The stock has a market capitalization of $3.46 billion and a price-to-earnings ratio of 92.87.

Neptune Insurance (NYSE:NP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $37.80 million during the quarter, compared to analyst estimates of $36.96 million. Neptune Insurance's quarterly revenue was up 28.8% on a year-over-year basis. Equities analysts anticipate that Neptune Insurance Holdings Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Neptune Insurance

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust purchased a new position in Neptune Insurance in the third quarter worth $792,000. Maltese Capital Management LLC acquired a new position in shares of Neptune Insurance during the 3rd quarter worth $3,200,000. FNY Investment Advisers LLC acquired a new position in shares of Neptune Insurance during the 3rd quarter worth $171,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Neptune Insurance in the 4th quarter valued at about $759,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Neptune Insurance in the fourth quarter valued at about $2,068,000.

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. 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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