Mirae Asset Global Investments Co. Ltd. Acquires 948 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,120 shares of the financial services provider’s stock after acquiring an additional 948 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Trupanion were worth $553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BluePath Capital Management LLC bought a new stake in shares of Trupanion during the 3rd quarter worth approximately $31,000. PNC Financial Services Group Inc. lifted its stake in shares of Trupanion by 45.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 933 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Trupanion during the 3rd quarter worth approximately $219,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Trupanion during the 3rd quarter worth approximately $225,000. Finally, Gabelli Funds LLC bought a new stake in Trupanion during the 3rd quarter valued at $234,000.

Trupanion Stock Down 2.5 %

Shares of TRUP stock opened at $23.31 on Friday. Trupanion, Inc. has a 1-year low of $18.45 and a 1-year high of $37.71. The stock’s fifty day moving average price is $25.67 and its 200 day moving average price is $26.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $974.59 million, a price-to-earnings ratio of -21.58 and a beta of 1.71.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.13. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The firm had revenue of $295.50 million for the quarter, compared to the consensus estimate of $289.84 million. During the same period in the previous year, the business earned ($0.23) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, research analysts expect that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TRUP shares. Evercore ISI cut their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Piper Sandler cut their price target on Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted their price target on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.20.

Trupanion Profile

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