Trupanion (NASDAQ:TRUP) Shares Down 6.3%

Posted by Defense World Staff on May 14th, 2023

Trupanion, Inc. (NASDAQ:TRUP – Get Rating) shares dropped 6.3% during trading on Friday . The stock traded as low as $20.80 and last traded at $20.90. Approximately 447,405 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 858,609 shares. The stock had previously closed at $22.30.

Analyst Ratings Changes

TRUP has been the subject of a number of analyst reports. StockNews.com began coverage on shares of Trupanion in a research note on Thursday, March 16th. They set a “sell” rating for the company. Bank of America lowered Trupanion from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $72.00 to $32.00 in a report on Sunday, May 7th. Stifel Nicolaus decreased their price objective on Trupanion from $51.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 21st. Evercore ISI decreased their price objective on shares of Trupanion from $68.00 to $59.00 in a research report on Friday, March 24th. Finally, Lake Street Capital reduced their target price on Trupanion from $75.00 to $47.00 in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.10.

Trupanion Price Performance

The stock’s 50-day moving average is $40.93 and its two-hundred day moving average is $49.21. The stock has a market cap of $872.22 million, a PE ratio of -14.30 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.62 and a current ratio of 1.64.

Trupanion (NASDAQ:TRUP – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.32). Trupanion had a negative return on equity of 19.86% and a negative net margin of 6.34%. The company had revenue of $256.33 million for the quarter, compared to analysts’ expectations of $251.88 million. On average, equities analysts predict that Trupanion, Inc. will post -1.19 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, Director Michael Doak sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $40.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now directly owns 1,682 shares in the company, valued at approximately $67,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trupanion news, Director Michael Doak sold 2,750 shares of Trupanion stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $40.00, for a total value of $110,000.00. Following the completion of the sale, the director now owns 1,682 shares in the company, valued at approximately $67,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $25.30, for a total value of $101,200.00. Following the sale, the chief executive officer now owns 829,109 shares of the company’s stock, valued at approximately $20,976,457.70. The disclosure for this sale can be found here. Insiders sold a total of 30,250 shares of company stock worth $1,410,975 in the last 90 days. 5.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Trupanion

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Trupanion in the first quarter worth about $313,000. State of Tennessee Treasury Department raised its stake in Trupanion by 7.9% during the 1st quarter. State of Tennessee Treasury Department now owns 14,233 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 1,041 shares in the last quarter. BNP Paribas Arbitrage SNC raised its stake in Trupanion by 166.0% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 26,755 shares of the financial services provider’s stock valued at $1,148,000 after acquiring an additional 16,696 shares in the last quarter. Bank of America Corp DE raised its position in shares of Trupanion by 315.5% during the 1st quarter. Bank of America Corp DE now owns 654,008 shares of the financial services provider’s stock worth $28,050,000 after buying an additional 496,619 shares in the last quarter. Finally, HRT Financial LP bought a new stake in shares of Trupanion during the 1st quarter worth about $1,068,000. Institutional investors own 97.55% of the company’s stock.

Trupanion Company Profile

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Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the Subscription Business and Other Business. The Subscription Business segment is involved in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members.