Trupanion, Inc. (NASDAQ:TRUP) Given Average Recommendation of “Moderate Buy” by Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $45.14.

A number of research firms have recently weighed in on TRUP. StockNews.com raised shares of Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Sandler dropped their target price on shares of Trupanion from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd.

Insider Buying and Selling at Trupanion

In related news, Director Michael Doak sold 8,688 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $29.99, for a total transaction of $260,553.12. Following the sale, the director now owns 5,866 shares in the company, valued at $175,921.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.81% of the stock is owned by insiders.

Institutional Trading of Trupanion

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its position in Trupanion by 33.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 758 shares during the last quarter. Raymond James & Associates increased its stake in shares of Trupanion by 29.6% in the first quarter. Raymond James & Associates now owns 18,241 shares of the financial services provider’s stock valued at $1,626,000 after purchasing an additional 4,161 shares during the period. Citigroup Inc. raised its holdings in shares of Trupanion by 9.6% during the first quarter. Citigroup Inc. now owns 34,790 shares of the financial services provider’s stock valued at $3,100,000 after buying an additional 3,038 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Trupanion by 12.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,340 shares of the financial services provider’s stock valued at $209,000 after buying an additional 253 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Trupanion by 61.3% during the first quarter. Bank of Montreal Can now owns 19,350 shares of the financial services provider’s stock worth $1,775,000 after buying an additional 7,354 shares during the period.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $22.70 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. Trupanion has a fifty-two week low of $18.45 and a fifty-two week high of $69.15. The business has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $26.04. The firm has a market cap of $942.96 million, a PE ratio of -18.02 and a beta of 1.66.

Trupanion Company Profile

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.