Lake Street Capital Has Lowered Expectations for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP) had its price target reduced by research analysts at Lake Street Capital from $65.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Lake Street Capital’s price target would indicate a potential upside of 33.33% from the company’s current price.

TRUP has been the subject of several other research reports. Piper Sandler lowered their price target on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Trupanion Stock Up 23.5 %

NASDAQ:TRUP opened at $45.00 on Friday. Trupanion has a 1-year low of $20.05 and a 1-year high of $57.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. The firm’s 50-day moving average price is $35.60 and its 200-day moving average price is $44.88. The company has a market capitalization of $1.91 billion, a PE ratio of -195.65, a P/E/G ratio of 6.02 and a beta of 1.66.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $341.98 million during the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned ($0.16) earnings per share. On average, equities analysts predict that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Activity at Trupanion

In other news, CFO Fawwad Qureshi sold 1,373 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now directly owns 2,416 shares in the company, valued at $82,675.52. This represents a 36.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Margaret Tooth sold 2,294 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total value of $72,008.66. Following the completion of the transaction, the chief executive officer now directly owns 118,784 shares in the company, valued at approximately $3,728,629.76. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,792 shares of company stock worth $1,122,802. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its position in shares of Trupanion by 368.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider’s stock valued at $40,548,000 after purchasing an additional 661,559 shares during the period. BNP Paribas Financial Markets raised its holdings in Trupanion by 170.7% during the fourth quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider’s stock valued at $16,248,000 after acquiring an additional 212,545 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Trupanion in the fourth quarter valued at about $7,776,000. Baillie Gifford & Co. boosted its stake in shares of Trupanion by 26.6% in the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock worth $33,806,000 after acquiring an additional 147,341 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Trupanion during the fourth quarter worth about $7,083,000.

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.