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

Trupanion, Inc. (NASDAQ:TRUP) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $32.80.

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Canaccord Genuity Group decreased their price objective on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Bank of America raised Trupanion from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $49.00 in a report on Thursday, May 16th.

Insiders Place Their Bets

In other news, CEO Darryl Rawlings acquired 20,700 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $24.14 per share, for a total transaction of $499,698.00. Following the purchase, the chief executive officer now owns 614,842 shares in the company, valued at $14,842,285.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Darryl Rawlings acquired 20,700 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $24.14 per share, for a total transaction of $499,698.00. Following the purchase, the chief executive officer now owns 614,842 shares in the company, valued at $14,842,285.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total value of $79,187.50. Following the transaction, the senior vice president now owns 19,830 shares in the company, valued at $502,492.20. The disclosure for this sale can be found here. In the last three months, insiders sold 5,325 shares of company stock worth $144,586. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in shares of Trupanion during the 4th quarter worth approximately $67,000. PNC Financial Services Group Inc. lifted its holdings in Trupanion by 45.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 933 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Trupanion in the fourth quarter valued at approximately $211,000. Dark Forest Capital Management LP acquired a new position in Trupanion in the third quarter valued at approximately $219,000. Finally, Blueshift Asset Management LLC acquired a new position in Trupanion in the fourth quarter valued at approximately $220,000.

Trupanion Trading Up 0.7 %

Shares of NASDAQ:TRUP opened at $27.71 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.16 billion, a PE ratio of -43.30 and a beta of 1.82. Trupanion has a 12-month low of $18.45 and a 12-month high of $36.66. The business’s fifty day simple moving average is $26.49 and its 200-day simple moving average is $27.61.

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