Trupanion (NASDAQ:TRUP) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Trupanion (NASDAQ:TRUP) from a sell rating to a hold rating in a research report released on Tuesday morning.

Separately, Piper Sandler decreased their price target on shares of Trupanion from $32.00 to $28.00 and set a neutral rating on the stock in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Trupanion has a consensus rating of Hold and an average price target of $45.14.

Trupanion Stock Performance

TRUP opened at $22.85 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The company has a market cap of $945.99 million, a price-to-earnings ratio of -18.13 and a beta of 1.66. Trupanion has a 52-week low of $18.45 and a 52-week high of $69.15. The firm’s fifty day simple moving average is $26.40 and its two-hundred day simple moving average is $26.39.

Insider Buying and Selling at Trupanion

In other news, Director Michael Doak sold 8,688 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $29.99, for a total value of $260,553.12. Following the completion of the transaction, the director now owns 5,866 shares of the company’s stock, valued at $175,921.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TRUP. BluePath Capital Management LLC purchased a new position in shares of Trupanion in the third quarter valued at approximately $31,000. Belpointe Asset Management LLC lifted its stake in Trupanion by 2,500.0% in the first quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 800 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Trupanion by 61.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,057 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 782 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Trupanion by 128.4% in the first quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 584 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Trupanion by 8,339.4% in the second quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 2,752 shares during the last quarter.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.