Trupanion, Inc. (NASDAQ:TRUP) Given Average Recommendation of “Hold” by Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has earned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $54.00.

TRUP has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a report on Monday. Stifel Nicolaus reduced their target price on Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Wall Street Zen raised Trupanion from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Piper Sandler boosted their price target on Trupanion from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald upgraded Trupanion to a “hold” rating in a research note on Wednesday, August 13th.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $34.84 on Wednesday. Trupanion has a fifty-two week low of $31.00 and a fifty-two week high of $57.88. The company has a market cap of $1.51 billion, a PE ratio of 134.01 and a beta of 1.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 1.69. The business has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $45.81.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.76). The company had revenue of $366.92 million during the quarter, compared to analysts’ expectations of $361.58 million. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. As a group, equities analysts expect that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 6,202 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total value of $219,860.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John R. Gallagher sold 6,383 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total transaction of $222,256.06. Following the transaction, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. This trade represents a 16.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 70,602 shares of company stock valued at $2,909,539. 5.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trupanion

Several institutional investors and hedge funds have recently modified their holdings of TRUP. Maryland State Retirement & Pension System increased its position in shares of Trupanion by 2.1% in the second quarter. Maryland State Retirement & Pension System now owns 9,933 shares of the financial services provider’s stock valued at $550,000 after buying an additional 201 shares in the last quarter. Yousif Capital Management LLC grew its stake in Trupanion by 1.8% in the 2nd quarter. Yousif Capital Management LLC now owns 12,580 shares of the financial services provider’s stock valued at $696,000 after acquiring an additional 226 shares during the period. PNC Financial Services Group Inc. grew its stake in Trupanion by 11.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 235 shares during the period. Voya Investment Management LLC increased its holdings in Trupanion by 2.4% in the 3rd quarter. Voya Investment Management LLC now owns 10,379 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 243 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Trupanion by 3.5% during the second quarter. Bank of Montreal Can now owns 7,280 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 245 shares during the period.

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.