Neptune Insurance (NYSE:NP) Trading Up 4.6% – Should You Buy?

Neptune Insurance Holdings Inc. (NYSE:NP)’s stock price was up 4.6% on Friday . The company traded as high as $25.16 and last traded at $25.1850. Approximately 61,681 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 522,050 shares. The stock had previously closed at $24.08.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a research report on Monday, April 20th. Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research note on Monday, April 27th. Bank of America boosted their price target on Neptune Insurance from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Evercore restated an “outperform” rating on shares of Neptune Insurance in a research note on Friday, May 8th. 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 research note on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.73.

Neptune Insurance Price Performance

The stock has a market capitalization of $3.50 billion and a P/E ratio of 93.91. The firm has a 50 day moving average of $26.50 and a 200-day moving average of $25.12.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $37.80 million during the quarter, compared to the consensus estimate of $36.96 million. The company’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, equities analysts expect that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current year.

Insider Activity

In related news, CEO Trevor R. Burgess acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $18.71 per share, for a total transaction of $935,500.00. Following the purchase, the chief executive officer owned 2,082,964 shares in the company, valued at approximately $38,972,256.44. This trade represents a 2.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total value of $18,173,839.20. Following the completion of the sale, the insider owned 14,252,718 shares in the company, valued at approximately $376,271,755.20. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 11,317,604 shares of company stock worth $298,784,746. Company insiders own 74.26% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

Large investors have recently modified their holdings of the stock. Maltese Capital Management LLC bought a new stake in shares of Neptune Insurance in the 3rd quarter valued at approximately $3,200,000. Comerica Bank bought a new stake in Neptune Insurance during the 4th quarter worth approximately $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Neptune Insurance during the 4th quarter worth approximately $2,068,000. Vanguard Group Inc. bought a new stake in Neptune Insurance during the 4th quarter worth approximately $47,063,000. Finally, TimesSquare Capital Management LLC bought a new stake in Neptune Insurance during the 4th quarter worth approximately $12,260,000.

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.