Michael Warren Vostrizansky Buys 23,000 Shares of Neptune Insurance (NYSE:NP) Stock

Neptune Insurance Holdings Inc. (NYSE:NP) Director Michael Warren Vostrizansky acquired 23,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $494,500.00. Following the acquisition, the director directly owned 23,000 shares in the company, valued at $494,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Neptune Insurance Price Performance

Shares of Neptune Insurance stock opened at $21.34 on Thursday. Neptune Insurance Holdings Inc. has a 1-year low of $14.78 and a 1-year high of $33.23. The business has a 50-day moving average of $25.30 and a 200-day moving average of $27.26. The company has a market capitalization of $2.95 billion and a PE ratio of 194.00.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $43.77 million during the quarter, compared to analysts’ expectations of $39.42 million.

Institutional Investors Weigh In On Neptune Insurance

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

Analyst Upgrades and Downgrades

NP has been the topic of several recent analyst reports. Bank of America raised shares of Neptune Insurance from an “underperform” rating to a “neutral” rating and set a $23.00 price target on the stock in a report on Friday, February 20th. Piper Sandler cut their target price on shares of Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets raised shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Friday, February 13th. Raymond James Financial set a $24.00 price objective on Neptune Insurance in a report on Monday. Finally, Mizuho upgraded Neptune Insurance from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $24.00 in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.65.

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.