Analysts Set Trupanion, Inc. (NASDAQ:TRUP) PT at $44.67

Trupanion, Inc. (NASDAQ:TRUP) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $44.67.

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

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total value of $32,723.42. Following the transaction, the chief financial officer now owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Dreyer sold 900 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the completion of the transaction, the senior vice president now owns 23,808 shares of the company’s stock, valued at $1,298,726.40. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,405 shares of company stock valued at $1,512,482. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock valued at $49,213,000 after acquiring an additional 1,170,202 shares during the period. Renaissance Technologies LLC bought a new position in Trupanion during the second quarter valued at $4,739,000. Wellington Management Group LLP increased its position in Trupanion by 4.4% in the third quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after buying an additional 142,156 shares during the last quarter. Hosking Partners LLP bought a new stake in shares of Trupanion in the second quarter valued at $3,523,000. Finally, Marshall Wace LLP raised its stake in shares of Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares during the period.

Trupanion Stock Performance

Shares of Trupanion stock opened at $54.15 on Friday. The business has a 50-day simple moving average of $52.58 and a 200 day simple moving average of $42.26. Trupanion has a one year low of $19.69 and a one year high of $57.90. 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 $2.29 billion, a price-to-earnings ratio of -169.22 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping 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 company had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. During the same period in the prior year, the firm earned ($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.

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.