Neptune Insurance Holdings Inc. (NYSE:NP) Receives $28.31 Average Price Target from Brokerages

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.3077.

A number of equities research analysts have recently issued reports on NP shares. Raymond James Financial started coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued an “outperform” rating and a $30.00 price target on the stock. Morgan Stanley increased their target price on shares of Neptune Insurance from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. BMO Capital Markets began coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued a “market perform” rating and a $25.00 price target for the company. Bank of America boosted their price target on shares of Neptune Insurance from $21.00 to $22.50 and gave the company an “underperform” rating in a research report on Thursday, November 13th. Finally, Zacks Research upgraded Neptune Insurance to a “hold” rating in a research report on Tuesday, October 28th.

Institutional Trading of Neptune Insurance

A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new position in shares of Neptune Insurance in the fourth quarter worth approximately $125,000. FNY Investment Advisers LLC bought a new stake in Neptune Insurance during the third quarter valued at approximately $171,000. Emerald Mutual Fund Advisers Trust purchased a new position in Neptune Insurance in the 3rd quarter worth approximately $792,000. Massachusetts Financial Services Co. MA bought a new position in shares of Neptune Insurance in the 4th quarter worth $759,000. Finally, Comerica Bank bought a new position in shares of Neptune Insurance in the 4th quarter worth $1,507,000.

Neptune Insurance Price Performance

Neptune Insurance stock opened at $23.48 on Wednesday. The firm has a market capitalization of $3.24 billion and a P/E ratio of 213.45. Neptune Insurance has a one year low of $22.00 and a one year high of $33.23. The business has a fifty day moving average price of $26.79 and a 200-day moving average price of $28.30.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $44.37 million during the quarter, compared to analyst estimates of $42.58 million.

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.