Trupanion, Inc. (NASDAQ:TRUP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.00.

Several analysts have recently weighed in on the company. Cantor Fitzgerald cut their price objective on Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Piper Sandler cut their price target on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, December 19th. Stifel Nicolaus lowered their price objective on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th.

Trupanion Trading Up 1.7%

Shares of NASDAQ:TRUP opened at $31.75 on Thursday. The company has a 50 day moving average of $36.21 and a 200-day moving average of $42.22. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.37 billion, a P/E ratio of 88.20 and a beta of 1.58. Trupanion has a twelve month low of $30.85 and a twelve month high of $57.88.

Trupanion (NASDAQ:TRUP) last announced its earnings results 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 firm had revenue of $366.92 million for the quarter, compared to the consensus estimate of $361.58 million. Trupanion had a return on equity of 4.48% and a net margin of 1.10%.Trupanion’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. As a group, analysts anticipate that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 6,202 shares of Trupanion stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total value of $219,860.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John R. Gallagher sold 6,383 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $34.82, for a total transaction of $222,256.06. Following the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at $1,139,345.22. This represents a 16.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,307 shares of company stock worth $1,556,742 in the last three months. 5.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently made changes to their positions in TRUP. Federated Hermes Inc. acquired a new stake in Trupanion during the 3rd quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Trupanion during the third quarter valued at $39,000. Nisa Investment Advisors LLC raised its position in Trupanion by 44.1% during the second quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after buying an additional 300 shares during the period. Kelleher Financial Advisors purchased a new stake in Trupanion in the 3rd quarter worth about $74,000. Finally, PNC Financial Services Group Inc. lifted its stake in Trupanion by 21.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 478 shares in the last quarter.

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.