Neptune Insurance (NYSE:NP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Neptune Insurance (NYSE:NP) issued its earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, FiscalAI reports. Neptune Insurance had a net margin of 22.71% and a negative return on equity of 26.34%. The company had revenue of $59.57 million for the quarter, compared to analysts’ expectations of $56.59 million.

Neptune Insurance Stock Down 3.7%

Shares of NYSE:NP opened at $28.41 on Thursday. Neptune Insurance has a 12-month low of $14.78 and a 12-month high of $35.15. The business has a 50 day moving average of $30.43 and a 200-day moving average of $29.39. The stock has a market cap of $3.90 billion and a PE ratio of 88.79.

Insider Activity at Neptune Insurance

In related news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of Neptune Insurance stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total transaction of $54,220,355.20. Following the completion of the sale, the insider directly owned 12,620,558 shares of the company’s stock, valued at approximately $419,254,936.76. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Vii L.P. Ftv sold 1,867,840 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total value of $62,049,644.80. Following the completion of the sale, the insider owned 14,442,941 shares of the company’s stock, valued at $479,794,500.02. This trade represents a 11.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,815,570 shares of company stock valued at $125,567,525 in the last 90 days. Corporate insiders own 74.26% of the company’s stock.

Key Headlines Impacting Neptune Insurance

Here are the key news stories impacting Neptune Insurance this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.17 per share, ahead of the $0.16 consensus estimate, while revenue rose 34% year over year to approximately $59.6 million, exceeding expectations of about $56.6 million. Neptune Insurance Holdings Inc. Reports Third Quarter 2026 Results
• Positive Sentiment: Neptune raised its fiscal 2026 revenue guidance to $204 million, slightly above the $201.9 million analyst consensus. Management also projected approximately $238 million of 2027 revenue and a roughly 61% adjusted EBITDA margin as Atlas+ adoption expands.
• Positive Sentiment: Atlas+ quotes reportedly convert at 3.5 times the rate of other quotes, suggesting the product could support stronger growth and customer acquisition. Neptune Insurance: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Keefe, Bruyette & Woods and Mizuho each raised their price target to $33, but both retained cautious “market perform” or “neutral” ratings. This indicates analysts see upside, but not a strong enough catalyst to recommend buying aggressively.
• Negative Sentiment: Chief Financial Officer James Steiner is expected to step down, creating uncertainty around the finance leadership transition shortly after the earnings release. Update: Neptune Insurance Q3 Adjusted Earnings, Revenue Rise; CFO to Step Down
• Negative Sentiment: At roughly 89 times earnings, Neptune’s valuation leaves limited room for execution missteps. Consequently, investors may be looking beyond the quarterly beat toward leadership stability, sustained Atlas+ adoption, and delivery of the 2027 growth and margin targets.

Wall Street Analyst Weigh In

NP has been the subject of a number of research analyst reports. Evercore reiterated an “outperform” rating and set a $36.00 price target on shares of Neptune Insurance in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their price objective on Neptune Insurance from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday. Mizuho upped their price objective on Neptune Insurance from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets cut Neptune Insurance from an “outperform” rating to a “market perform” rating and set a $32.00 price objective for the company. in a research report on Thursday, July 30th. Finally, Morgan Stanley upgraded Neptune Insurance from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $36.00 in a research note on Wednesday, August 19th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.68.

About Neptune Insurance

Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.

The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder’s location and eligibility.

Neptune’s business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.