Trupanion (NASDAQ:TRUP) Stock Price Expected to Rise, Northland Securities Analyst Says

Trupanion (NASDAQ:TRUP) had its price objective lifted by analysts at Northland Securities from $45.00 to $50.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Northland Securities’ price objective suggests a potential downside of 8.36% from the company’s current price.

TRUP has been the topic of several other reports. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Bank of America raised their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Piper Sandler lifted their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. William Blair initiated coverage on Trupanion in a research note on Friday, July 19th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus lifted their price objective on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Trupanion Price Performance

TRUP opened at $54.56 on Thursday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -170.50 and a beta of 1.73. Trupanion has a 1 year low of $19.69 and a 1 year high of $57.90. 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 stock has a fifty day moving average price of $47.08 and a 200 day moving average price of $36.23.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.42% 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 last year, the company earned ($0.10) earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Trupanion will post -0.34 EPS for the current fiscal year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 640 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Fawwad Qureshi sold 640 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. This represents 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 over the last three months. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its holdings in Trupanion by 2.8% during the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 500 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Trupanion by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 561 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 596 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Trupanion by 1.9% in the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 685 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Trupanion by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 830 shares in the last quarter.

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.