Trupanion, Inc. (NASDAQ:TRUP) Receives Average Recommendation of “Hold” from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has received a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $52.25.

TRUP has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, December 22nd. Piper Sandler lowered their target price on Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, December 19th. Stifel Nicolaus dropped their target price on Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Finally, Wall Street Zen cut Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th.

Insider Buying and Selling

In other Trupanion news, CFO Fawwad Qureshi sold 6,202 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total transaction of $219,860.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John R. Gallagher sold 6,383 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were 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 $1,139,345.22. The trade was a 16.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,877 shares of company stock worth $1,540,596 in the last ninety days. Company insiders own 5.42% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently bought and sold shares of TRUP. Federated Hermes Inc. bought a new stake in shares of Trupanion during the 3rd quarter valued at about $33,000. AlphaQuest LLC lifted its position in Trupanion by 940.6% in the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 950 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Trupanion during the 3rd quarter valued at about $39,000. Nisa Investment Advisors LLC boosted its stake in Trupanion by 44.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 300 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in Trupanion during the 3rd quarter worth approximately $74,000.

Trupanion Stock Performance

Shares of TRUP opened at $37.75 on Friday. The firm’s 50 day moving average price is $38.43 and its two-hundred day moving average price is $44.56. Trupanion has a twelve month low of $31.00 and a twelve month high of $57.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $1.63 billion, a P/E ratio of 104.86 and a beta of 1.62.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). Trupanion had a return on equity of 4.48% and a net margin of 1.10%.The company had revenue of $366.92 million for the quarter, compared to analyst estimates of $361.58 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. Trupanion’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Trupanion will post 0.13 EPS for the current fiscal year.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.