Brokerages Set Neptune Insurance Holdings Inc. (NYSE:NP) Price Target at $28.31

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $28.3077.

A number of equities analysts have commented on NP shares. Deutsche Bank Aktiengesellschaft raised their price objective on Neptune Insurance from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. TD Cowen initiated coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They set a “buy” rating and a $32.00 price objective on the stock. BMO Capital Markets began coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They issued a “market perform” rating and a $25.00 price objective on the stock. Zacks Research upgraded Neptune Insurance to a “hold” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. initiated coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “neutral” rating and a $25.00 price objective on the stock.

Institutional Trading of Neptune Insurance

A number of hedge funds have recently added to or reduced their stakes in NP. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Neptune Insurance during the third quarter worth $792,000. Maltese Capital Management LLC bought a new stake in shares of Neptune Insurance during the third quarter worth about $3,200,000. Finally, FNY Investment Advisers LLC acquired a new position in Neptune Insurance in the 3rd quarter valued at approximately $171,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

Neptune Insurance Stock Down 2.8%

NP opened at $25.95 on Friday. Neptune Insurance has a fifty-two week low of $22.00 and a fifty-two week high of $33.23. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.22 and a current ratio of 2.01. The company has a market capitalization of $3.58 billion, a P/E ratio of -15.82 and a beta of 1.46. The stock has a fifty day moving average of $26.47 and a 200-day moving average of $29.19.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Neptune Insurance had a negative net margin of 2.53% and a positive return on equity of 11.06%. The business had revenue of $44.37 million during the quarter, compared to analyst estimates of $42.58 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.