Trupanion, Inc. (NASDAQ:TRUP) Receives $45.33 Average Target Price from Analysts

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $45.33.

TRUP has been the subject of several research reports. Bank of America raised their price objective on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price objective on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Piper Sandler raised their price objective on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Northland Securities raised their price objective 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.

Trupanion Trading Down 5.6 %

Shares of NASDAQ:TRUP opened at $43.95 on Wednesday. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The company has a market capitalization of $1.86 billion, a P/E ratio of -137.34 and a beta of 1.61. The company has a 50-day simple moving average of $51.43 and a 200 day simple moving average of $44.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. Sell-side analysts forecast that Trupanion will post -0.23 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, SVP Emily Dreyer sold 900 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $54.55, for a total transaction of $49,095.00. Following the sale, the senior vice president now owns 23,808 shares of the company’s stock, valued at approximately $1,298,726.40. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $32,723.42. Following the sale, the chief financial officer now directly owns 9,867 shares in the company, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,597 shares of company stock valued at $1,522,082 over the last three months. 5.50% of the stock is owned by insiders.

Institutional Trading of Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Trupanion by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Trupanion by 7.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock valued at $414,000 after buying an additional 671 shares during the period. WINTON GROUP Ltd lifted its holdings in Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock valued at $1,108,000 after buying an additional 685 shares during the period. JPMorgan Chase & Co. lifted its holdings in Trupanion by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 738 shares during the period. Finally, Quest Partners LLC acquired a new position in Trupanion in the third quarter valued at $37,000.

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.