Neptune Insurance (NYSE:NP) Price Target Raised to $27.00

Neptune Insurance (NYSE:NP) had its price objective hoisted by research analysts at Morgan Stanley from $26.00 to $27.00 in a report released on Monday, MarketBeat Ratings reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 7.78% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Raymond James Financial initiated coverage on shares of Neptune Insurance in a report on Monday, October 27th. They set an “outperform” rating and a $30.00 target price for the company. The Goldman Sachs Group started coverage on Neptune Insurance in a report on Monday, October 27th. They set a “buy” rating and a $30.00 price target for the company. Wall Street Zen upgraded shares of Neptune Insurance to a “hold” rating in a research note on Saturday, October 11th. Piper Sandler began coverage on shares of Neptune Insurance in a report on Monday, October 27th. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Evercore ISI started coverage on Neptune Insurance in a research note on Monday, October 27th. They issued an “outperform” rating and a $35.00 price target for the company. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Neptune Insurance has a consensus rating of “Hold” and an average target price of $27.96.

Neptune Insurance Stock Up 1.3%

Shares of NYSE:NP traded up $0.32 during midday trading on Monday, reaching $25.05. 81,217 shares of the company were exchanged, compared to its average volume of 438,432. Neptune Insurance has a fifty-two week low of $22.30 and a fifty-two week high of $33.23. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $28.37 and a two-hundred day simple moving average of $30.72. The firm has a market cap of $3.46 billion, a PE ratio of -15.27 and a beta of 1.46.

Neptune Insurance (NYSE:NP) last announced its earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%.The company had revenue of $44.37 million during the quarter, compared to analyst estimates of $42.58 million. Neptune Insurance has set its FY 2026 guidance at EPS.

Insider Activity at Neptune Insurance

In other news, Director Jonathan Winant Carlon acquired 5,000 shares of Neptune Insurance stock in a transaction that occurred on Thursday, October 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the transaction, the director directly owned 653,500 shares of the company’s stock, valued at approximately $13,070,000. The trade was a 0.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $18.75, for a total value of $15,377,306.25. Following the sale, the insider owned 19,530,472 shares in the company, valued at approximately $366,196,350. This trade represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 174,050 shares of company stock worth $3,481,000 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of Neptune Insurance

An institutional investor recently bought a new position in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Neptune Insurance Holdings Inc. (NYSE:NP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is owned by institutional investors.

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.