Trupanion (NASDAQ:TRUP) Shares Gap Down After Earnings Miss

Shares of Trupanion, Inc. (NASDAQ:TRUP) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $47.51, but opened at $40.45. Trupanion shares last traded at $37.62, with a volume of 523,279 shares changing hands.

The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm had revenue of $337.31 million for the quarter, compared to analyst estimates of $335.41 million.

Analysts Set New Price Targets

Several research firms have issued reports on TRUP. Piper Sandler decreased their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday. Northland Securities raised their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.60.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, SVP Emily Dreyer sold 900 shares of Trupanion stock in a transaction on Monday, November 25th. The stock was sold at an average price of $54.55, for a total transaction of $49,095.00. Following the completion of the transaction, the senior vice president now directly owns 23,808 shares of the company’s stock, valued at approximately $1,298,726.40. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,581 shares of company stock valued at $615,159. 5.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in TRUP. SBI Securities Co. Ltd. bought a new stake in Trupanion in the fourth quarter valued at $25,000. Jones Financial Companies Lllp lifted its stake in Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Quest Partners LLC bought a new stake in Trupanion in the third quarter valued at $37,000. Quarry LP bought a new stake in Trupanion in the fourth quarter valued at $39,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Trupanion in the third quarter valued at $54,000.

Trupanion Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.50 billion, a P/E ratio of -110.63, a PEG ratio of 8.49 and a beta of 1.60. The business has a 50 day simple moving average of $48.40 and a 200-day simple moving average of $47.97.

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.