Trupanion (NASDAQ:TRUP) Stock Price Down 10.1% After Analyst Downgrade

Trupanion, Inc. (NASDAQ:TRUP)’s stock price was down 10.1% on Friday after Canaccord Genuity Group lowered their price target on the stock from $40.00 to $34.00. Canaccord Genuity Group currently has a buy rating on the stock. Trupanion traded as low as $21.32 and last traded at $21.38. Approximately 502,239 shares changed hands during trading, a decline of 24% from the average daily volume of 659,466 shares. The stock had previously closed at $23.78.

TRUP has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Evercore ISI dropped their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, Piper Sandler lowered their price target on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.33.

Institutional Trading of Trupanion

Several large investors have recently made changes to their positions in TRUP. BluePath Capital Management LLC acquired a new position in Trupanion during the third quarter valued at approximately $31,000. Quest Partners LLC bought a new position in shares of Trupanion in the fourth quarter worth about $67,000. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 933 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Trupanion in the 4th quarter valued at approximately $211,000. Finally, Dark Forest Capital Management LP bought a new position in Trupanion in the 3rd quarter worth approximately $219,000.

Trupanion Trading Down 16.5 %

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 capitalization of $833.60 million, a price-to-earnings ratio of -18.38 and a beta of 1.76. The business has a fifty day moving average price of $25.67 and a 200 day moving average price of $26.77.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The business had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. During the same quarter in the prior year, the business earned ($0.60) earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities analysts expect that Trupanion, Inc. will post -0.43 EPS for the current fiscal year.

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, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.