Piper Sandler Boosts Trupanion (NASDAQ:TRUP) Price Target to $30.00

Trupanion (NASDAQ:TRUP) had its price target upped by Piper Sandler from $22.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target suggests a potential upside of 2.04% from the stock’s current price.

Several other brokerages have also recently issued reports on TRUP. Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $49.00 in a report on Thursday, May 16th. Canaccord Genuity Group lowered their price target on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Trupanion Trading Down 0.9 %

TRUP stock opened at $29.40 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of -45.94 and a beta of 1.82. Trupanion has a 12 month low of $18.45 and a 12 month high of $36.66. The firm’s 50-day moving average is $27.19 and its 200 day moving average is $27.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. During the same quarter last year, the firm posted ($0.60) EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, research analysts anticipate that Trupanion will post -0.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Melissa Joy Hewitt sold 1,200 shares of Trupanion stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total value of $36,048.00. Following the completion of the sale, the insider now directly owns 6,105 shares in the company, valued at approximately $183,394.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melissa Joy Hewitt sold 1,200 shares of Trupanion stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total value of $36,048.00. Following the completion of the sale, the insider now directly owns 6,105 shares in the company, valued at approximately $183,394.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the transaction, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The disclosure for this sale can be found here. Insiders sold 5,325 shares of company stock worth $144,586 in the last three months. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of institutional investors have recently bought and sold shares of TRUP. Charles Schwab Investment Management Inc. raised its position in Trupanion by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 292,941 shares of the financial services provider’s stock worth $8,261,000 after buying an additional 14,044 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Trupanion by 18.2% during the 3rd quarter. Deutsche Bank AG now owns 21,621 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 3,322 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Trupanion by 45.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 933 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Trupanion during the 3rd quarter valued at approximately $219,000. Finally, Trexquant Investment LP increased its holdings in shares of Trupanion by 46.5% during the 3rd quarter. Trexquant Investment LP now owns 27,713 shares of the financial services provider’s stock valued at $782,000 after purchasing an additional 8,795 shares in the last quarter.

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.