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Piper Sandler Keeps Their Buy Rating on Neptune Insurance Holdings, Inc. Class A (NP)

Tipranks - Tipranks - Sat May 9, 7:56AM CDT

Piper Sandler analyst Paul Newsome maintained a Buy rating on Neptune Insurance Holdings, Inc. Class A today and set a price target of $30.00.

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Newsome covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, Accelerant Holdings Class A, and Prudential Financial. According to TipRanks, Newsome has an average return of 10.8% and a 65.25% success rate on recommended stocks.

In addition to Piper Sandler, Neptune Insurance Holdings, Inc. Class A also received a Buy from Evercore ISI’s David Motemaden in a report issued today. However, on May 1, Morgan Stanley assigned a Hold rating to Neptune Insurance Holdings, Inc. Class A (NYSE: NP).

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Based on Neptune Insurance Holdings, Inc. Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $37.8 million and a net profit of $7.35 million. In comparison, last year the company earned a revenue of $29.35 million and had a net profit of $9.94 million

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