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

Shares of Trupanion, Inc. (NASDAQ:TRUP) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $41.83.

TRUP has been the topic of several recent research reports. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Northland Securities increased their price objective on shares of Trupanion from $35.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, September 19th. Bank of America boosted 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 $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 624 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Fawwad Qureshi sold 624 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock worth $405,238 in the last ninety days. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Check Capital Management Inc. CA boosted its position in shares of Trupanion by 34.8% during the 1st quarter. Check Capital Management Inc. CA now owns 32,355 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 8,355 shares during the period. Capstone Investment Advisors LLC acquired a new position in Trupanion during the first quarter worth $269,000. GSA Capital Partners LLP boosted its position in shares of Trupanion by 376.5% during the first quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock worth $2,210,000 after buying an additional 63,247 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Trupanion by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after buying an additional 561 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Trupanion by 45.0% in the first quarter. SG Americas Securities LLC now owns 27,292 shares of the financial services provider’s stock valued at $754,000 after buying an additional 8,473 shares in the last quarter.

Trupanion Trading Up 0.8 %

Shares of Trupanion stock opened at $53.07 on Friday. Trupanion has a twelve month low of $19.14 and a twelve month high of $55.74. The firm’s 50-day moving average price is $45.70 and its 200 day moving average price is $34.86. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.23 billion, a PE ratio of -82.92 and a beta of 1.73.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The business had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. During the same quarter last year, the business posted ($0.33) earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts predict that Trupanion will post -0.34 EPS for the current fiscal year.

About Trupanion

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.