Neptune Insurance (NYSE:NP) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.53 and traded as high as $29.39. Neptune Insurance shares last traded at $27.8430, with a volume of 674,218 shares trading hands.

Analyst Ratings Changes

NP has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Bank of America raised their target price on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Mizuho lifted their price target on shares of Neptune Insurance from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Raymond James Financial reiterated an “outperform” rating on shares of Neptune Insurance in a report on Monday, April 27th. Finally, Evercore restated an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.73.

Neptune Insurance Stock Up 8.8%

The company has a market cap of $4.13 billion and a PE ratio of 110.56. The firm has a 50 day simple moving average of $27.43 and a 200-day simple moving average of $25.56.

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

Insider Transactions at Neptune Insurance

In other news, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $18,173,839.20. Following the transaction, the insider owned 14,252,718 shares in the company, valued at $376,271,755.20. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Vii L.P. Ftv sold 787,806 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the completion of the transaction, the insider directly owned 16,310,781 shares of the company’s stock, valued at $430,604,618.40. The trade was a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,317,604 shares of company stock valued at $298,784,746. 74.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new stake in shares of Neptune Insurance during the fourth quarter worth $28,000. PNC Financial Services Group Inc. acquired a new position in shares of Neptune Insurance in the 4th quarter valued at $125,000. FNY Investment Advisers LLC purchased a new position in Neptune Insurance in the 3rd quarter worth $171,000. Symmetry Investments LP purchased a new position in Neptune Insurance in the 4th quarter worth $204,000. Finally, FJ Capital Management LLC acquired a new stake in Neptune Insurance during the 4th quarter worth about $289,000.

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.