Trupanion (NASDAQ:TRUP) Stock Price Down 7.3%

Trupanion, Inc. (NASDAQ:TRUPGet Free Report) dropped 7.3% during trading on Friday . The company traded as low as $27.47 and last traded at $27.47. Approximately 243,536 shares changed hands during trading, a decline of 67% from the average daily volume of 742,868 shares. The stock had previously closed at $29.62.

Wall Street Analyst Weigh In

TRUP has been the subject of a number of research reports. Evercore ISI decreased their price objective on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Canaccord Genuity Group cut their price objective on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Piper Sandler cut their price objective on Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Bank of America raised Trupanion from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $49.00 in a research report on Thursday, May 16th. Finally, Stifel Nicolaus lifted their price target on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.80.

Read Our Latest Stock Report on Trupanion

Trupanion Trading Down 5.8 %

The company has a 50 day moving average of $26.12 and a 200 day moving average of $27.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62.

Trupanion (NASDAQ:TRUPGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.60) earnings per share. Research analysts expect that Trupanion, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Emily Dreyer sold 3,125 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the transaction, the senior vice president now owns 19,830 shares of the company’s stock, valued at $502,492.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Darryl Rawlings acquired 20,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the completion of the acquisition, the chief executive officer now owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 3,125 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total value of $79,187.50. Following the completion of the sale, the senior vice president now owns 19,830 shares of the company’s stock, valued at $502,492.20. The disclosure for this sale can be found here. Insiders have sold 5,325 shares of company stock valued at $144,586 over the last 90 days. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

Several large investors have recently modified their holdings of the business. Quest Partners LLC acquired a new position in shares of Trupanion during the fourth quarter worth about $67,000. PNC Financial Services Group Inc. increased its stake in shares of Trupanion by 45.4% during the third 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 period. Victory Capital Management Inc. bought a new position in shares of Trupanion during the fourth quarter worth approximately $211,000. Dark Forest Capital Management LP bought a new position in shares of Trupanion during the third quarter worth approximately $219,000. Finally, Blueshift Asset Management LLC bought a new position in Trupanion during the 4th quarter worth $220,000.

Trupanion Company Profile

(Get Free Report)

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.

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