Neptune Insurance (NP) Expected to Announce Quarterly Earnings on Wednesday

Neptune Insurance (NYSE:NP) is expected to post its results before the market opens on Wednesday, February 11th. Analysts expect Neptune Insurance to post earnings of $0.10 per share for the quarter.

Neptune Insurance (NYSE:NP) last posted its quarterly 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). The company had revenue of $44.37 million during the quarter, compared to analyst estimates of $42.58 million.

Neptune Insurance Stock Performance

Shares of Neptune Insurance stock opened at $23.48 on Monday. Neptune Insurance has a 52 week low of $22.00 and a 52 week high of $33.23. The stock has a 50 day moving average price of $26.79 and a two-hundred day moving average price of $28.30. The stock has a market capitalization of $3.24 billion and a PE ratio of 213.45.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NP shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $32.50 target price on shares of Neptune Insurance in a report on Wednesday, January 7th. Morgan Stanley raised their price objective on shares of Neptune Insurance from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Evercore assumed coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $35.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Neptune Insurance from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, TD Cowen started coverage on Neptune Insurance in a report on Monday, October 27th. They set a “buy” rating for the company. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Neptune Insurance currently has an average rating of “Hold” and an average target price of $28.31.

Hedge Funds Weigh In On Neptune Insurance

A hedge fund recently bought a new stake in Neptune Insurance stock. PNC Financial Services Group Inc. bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,294 shares of the company’s stock, valued at approximately $125,000.

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.