Trupanion (NASDAQ:TRUP) PT Lowered to $34.00

Trupanion (NASDAQ:TRUP) had its price objective cut by Canaccord Genuity Group from $40.00 to $34.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Evercore ISI dropped their price target on shares of Trupanion from $35.00 to $31.00 and set an outperform rating for the company in a research note on Tuesday, February 20th. Stifel Nicolaus upped 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. Finally, Piper Sandler decreased 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $29.40.

Trupanion Trading Up 13.4 %

NASDAQ TRUP opened at $22.51 on Friday. The company’s fifty day simple moving average is $25.58 and its 200-day simple moving average is $26.70. Trupanion has a 52 week low of $18.45 and a 52 week high of $36.66. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $945.19 million, a P/E ratio of -35.17 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The business had revenue of $306.12 million for the quarter, compared to analysts’ expectations of $300.51 million. During the same period in the previous year, the company posted ($0.60) earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts predict that Trupanion will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently modified their holdings of TRUP. Wellington Management Group LLP boosted its stake in Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after acquiring an additional 630,155 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Trupanion in the 4th quarter worth approximately $31,398,000. 8 Knots Management LLC acquired a new position in Trupanion during the 4th quarter valued at approximately $21,165,000. Charles Schwab Investment Management Inc. grew its stake in Trupanion by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,029 shares of the financial services provider’s stock worth $9,154,000 after buying an additional 7,088 shares during the last quarter. Finally, Lagoda Investment Management L.P. lifted its stake in Trupanion by 19.3% in the third quarter. Lagoda Investment Management L.P. now owns 240,785 shares of the financial services provider’s stock valued at $6,790,000 after buying an additional 38,905 shares during the last quarter.

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