ProShare Advisors LLC Reduces Stock Position in Trupanion, Inc. (NASDAQ:TRUP)

ProShare Advisors LLC trimmed its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,332 shares of the financial services provider’s stock after selling 7,085 shares during the period. ProShare Advisors LLC owned approximately 0.27% of Trupanion worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new position in shares of Trupanion in the first quarter valued at $473,000. 8 Knots Management LLC purchased a new position in Trupanion during the 4th quarter valued at about $21,165,000. Seven Eight Capital LP bought a new stake in shares of Trupanion during the fourth quarter valued at about $1,399,000. Quest Partners LLC bought a new stake in shares of Trupanion during the fourth quarter valued at about $67,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after buying an additional 630,155 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRUP. Piper Sandler upped their target price on shares of Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday. Bank of America lifted their price objective on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Northland Securities upped their target price on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, September 19th. Finally, Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. Insiders sold a total of 8,764 shares of company stock worth $405,238 over the last three months. Insiders own 5.50% of the company’s stock.

Trupanion Stock Up 1.6 %

TRUP stock opened at $42.72 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of -66.75 and a beta of 1.74. The firm’s fifty day moving average is $41.04 and its 200 day moving average is $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. Trupanion, Inc. has a one year low of $19.14 and a one year high of $49.14.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The business had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. During the same period in the prior year, the business earned ($0.33) earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, research analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current year.

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.