Trupanion (NASDAQ:TRUP) Shares Down 5.2%

Trupanion, Inc. (NASDAQ:TRUP) traded down 5.2% during mid-day trading on Monday . The stock traded as low as $43.85 and last traded at $44.63. 277,403 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 690,011 shares. The stock had previously closed at $47.08.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Northland Securities upped their price target on Trupanion from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, August 9th. William Blair initiated coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler lifted their price objective on shares of Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $30.00 price objective (up from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Four 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Trupanion Trading Down 1.6 %

The firm has a market cap of $1.93 billion, a P/E ratio of -71.58 and a beta of 1.74. The company has a 50 day moving average of $40.09 and a 200 day moving average of $31.53. 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 (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The business had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.33) EPS. Analysts predict that Trupanion, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret Tooth sold 7,500 shares of the company’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 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 approximately $4,647,256.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,764 shares of company stock valued at $405,238. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Trupanion by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after purchasing an additional 32,485 shares in the last quarter. Wellington Management Group LLP raised its stake in Trupanion by 34.6% during 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 acquiring an additional 630,155 shares in the last quarter. 8 Knots Management LLC raised its stake in Trupanion by 87.0% during the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock worth $35,824,000 after acquiring an additional 603,775 shares in the last quarter. Marshall Wace LLP raised its stake in Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after acquiring an additional 116,496 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Trupanion during the fourth quarter worth $31,398,000.

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.