Neptune Insurance (NYSE:NP) Reaches New 52-Week Low – Time to Sell?

Neptune Insurance Holdings Inc. (NYSE:NP)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $21.40 and last traded at $21.40, with a volume of 196477 shares changing hands. The stock had previously closed at $23.40.

Analysts Set New Price Targets

Several research firms have issued reports on NP. National Bank Financial set a $23.00 target price on shares of Neptune Insurance in a research note on Monday, October 27th. JPMorgan Chase & Co. started coverage on shares of Neptune Insurance in a report on Monday, October 27th. They set a “neutral” rating and a $25.00 price objective for the company. Evercore started coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $35.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.50 target price on shares of Neptune Insurance in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Neptune Insurance from $29.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.92.

Neptune Insurance Price Performance

The company has a market capitalization of $2.60 billion and a P/E ratio of 171.09. The firm’s 50-day moving average is $26.43 and its 200-day moving average is $27.95.

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

Institutional Trading of Neptune Insurance

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

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.