Trupanion, Inc. (NASDAQ:TRUP) Receives $45.50 Average PT from Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $45.50.

A number of equities analysts have recently issued reports on TRUP shares. Stifel Nicolaus dropped their price objective on shares of Trupanion from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Piper Sandler lowered their target price on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Wall Street Zen cut shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Cantor Fitzgerald decreased their price objective on Trupanion from $50.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 4,645 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $25.61, for a total value of $118,958.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Emily Dreyer sold 7,792 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.15, for a total value of $219,344.80. Following the completion of the sale, the executive owned 35,627 shares in the company, valued at $1,002,900.05. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,107 shares of company stock worth $949,347 over the last 90 days. Corporate insiders own 5.42% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several large investors have recently made changes to their positions in TRUP. EP Wealth Advisors LLC acquired a new stake in shares of Trupanion during the 4th quarter worth about $380,000. Susquehanna Fundamental Investments LLC boosted its position in Trupanion by 216.7% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 66,368 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 45,412 shares in the last quarter. Inspire Investing LLC grew its stake in Trupanion by 20.4% during the fourth quarter. Inspire Investing LLC now owns 12,624 shares of the financial services provider’s stock worth $472,000 after buying an additional 2,137 shares during the last quarter. Engineers Gate Manager LP grew its stake in Trupanion by 11.1% during the fourth quarter. Engineers Gate Manager LP now owns 130,791 shares of the financial services provider’s stock worth $4,888,000 after buying an additional 13,015 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Trupanion during the fourth quarter worth approximately $496,000.

Trupanion Stock Performance

TRUP opened at $24.74 on Friday. The stock’s 50 day simple moving average is $30.73 and its 200-day simple moving average is $37.04. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.07 billion, a PE ratio of 54.98 and a beta of 1.62. Trupanion has a 1 year low of $24.50 and a 1 year high of $57.88.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, February 12th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Trupanion had a return on equity of 5.39% and a net margin of 1.35%.The firm had revenue of $376.85 million during the quarter, compared to the consensus estimate of $375.89 million. During the same period last year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Trupanion will post 0.13 EPS for the current 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.