Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Trupanion, Inc. (NASDAQ:TRUP) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.67.

A number of analysts recently issued reports on the stock. Northland Securities lifted their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Evercore ISI raised Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Piper Sandler upped their price target on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Trupanion Stock Performance

Shares of TRUP stock opened at $50.71 on Tuesday. The company’s fifty day moving average price is $48.23 and its two-hundred day moving average price is $38.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $2.15 billion, a P/E ratio of -158.47 and a beta of 1.69. Trupanion has a 12 month low of $19.69 and a 12 month high of $57.90.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Trupanion’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, research analysts anticipate that Trupanion will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,124 shares of company stock worth $482,981 in the last three months. 5.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Trupanion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new position in Trupanion during the 3rd quarter worth $37,000. GAMMA Investing LLC lifted its holdings in Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 596 shares during the period. Entropy Technologies LP bought a new position in Trupanion in the 3rd quarter valued at about $202,000. Mutual of America Capital Management LLC acquired a new position in Trupanion during the 3rd quarter valued at about $210,000. Finally, Headlands Technologies LLC bought a new stake in shares of Trupanion during the 2nd quarter worth about $162,000.

Trupanion Company Profile

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.