Bank of America Issues Pessimistic Forecast for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP) had its target price dropped by analysts at Bank of America from $63.00 to $59.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s target price would indicate a potential upside of 116.91% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Cantor Fitzgerald reduced their price objective on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Piper Sandler reduced their price objective on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Finally, Weiss Ratings cut shares of Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.80.

Trupanion Stock Up 3.6%

TRUP stock opened at $27.20 on Tuesday. Trupanion has a one year low of $24.15 and a one year high of $57.88. The stock has a market capitalization of $1.18 billion, a PE ratio of 60.45 and a beta of 1.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.69 and a current ratio of 1.69. The company has a fifty day moving average of $27.19 and a 200-day moving average of $34.10.

Trupanion (NASDAQ:TRUP) last released 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 analyst estimates of $375.89 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, analysts expect that Trupanion will post 0.13 EPS for the current year.

Insider Activity at Trupanion

In related news, CRO Emily Dreyer sold 7,792 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John R. Gallagher sold 5,283 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $26.52, for a total transaction of $140,105.16. Following the transaction, the chief operating officer owned 32,387 shares of the company’s stock, valued at $858,903.24. This trade represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,502 shares of company stock worth $580,315 over the last 90 days. Company insiders own 5.42% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new position in Trupanion during the 3rd quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Trupanion during the 3rd quarter valued at about $39,000. Kemnay Advisory Services Inc. purchased a new position in Trupanion during the 4th quarter valued at about $64,000. Kelleher Financial Advisors purchased a new position in Trupanion during the 3rd quarter valued at about $74,000. Finally, PNC Financial Services Group Inc. increased its holdings in Trupanion by 21.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 478 shares in the last quarter.

Trupanion Company Profile

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.