Neptune Insurance (NYSE:NP) Shares Pass Above 200-Day Moving Average – What’s Next?

Neptune Insurance Holdings Inc. (NYSE:NP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.87 and traded as high as $26.83. Neptune Insurance shares last traded at $25.0750, with a volume of 203,812 shares.

Analyst Upgrades and Downgrades

NP has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of Neptune Insurance from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. BMO Capital Markets upgraded Neptune Insurance from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $25.00 to $20.00 in a report on Friday, February 13th. Evercore set a $30.00 price objective on Neptune Insurance in a report on Thursday, February 19th. Raymond James Financial reiterated an “outperform” rating on shares of Neptune Insurance in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.42.

Neptune Insurance Stock Down 3.2%

The firm’s fifty day simple moving average is $23.62 and its 200-day simple moving average is $24.87. The company has a market cap of $3.46 billion and a PE ratio of 92.87.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $37.80 million for the quarter, compared to analysts’ expectations of $36.96 million. Neptune Insurance’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that Neptune Insurance Holdings Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Neptune Insurance

In related news, CEO Trevor R. Burgess acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $18.71 per share, with a total value of $935,500.00. Following the completion of the purchase, the chief executive officer directly owned 2,082,964 shares in the company, valued at approximately $38,972,256.44. The trade was a 2.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Warren Vostrizansky acquired 23,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $21.50 per share, with a total value of $494,500.00. Following the transaction, the director owned 23,000 shares in the company, valued at $494,500. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bregal Sagemount IV General Partner Jersey Ltd acquired a new stake in shares of Neptune Insurance during the 4th quarter worth about $569,509,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Neptune Insurance during the fourth quarter valued at approximately $133,488,000. Vanguard Group Inc. acquired a new stake in Neptune Insurance during the fourth quarter worth approximately $47,063,000. Capital World Investors acquired a new stake in Neptune Insurance during the fourth quarter worth approximately $32,091,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Neptune Insurance in the 4th quarter worth approximately $29,051,000.

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.