Trupanion, Inc. (NASDAQ:TRUP) Receives $41.83 Consensus Target Price from Analysts

Shares of Trupanion, Inc. (NASDAQ:TRUP) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three 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 1-year target price among brokers that have covered the stock in the last year is $41.83.

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Piper Sandler increased their price target on shares of Trupanion from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. 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. Finally, William Blair assumed coverage on Trupanion in a research note on Friday, July 19th. They set an “outperform” rating for the company.

Insider Activity

In related news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,764 shares of company stock valued at $405,238. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several large investors have recently modified their holdings of TRUP. 8 Knots Management LLC boosted its stake in Trupanion by 87.0% in 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 purchasing an additional 603,775 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Trupanion during the 2nd quarter worth about $4,739,000. Hosking Partners LLP bought a new stake in Trupanion during the 2nd quarter worth about $3,523,000. Marshall Wace LLP increased its position in Trupanion by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after acquiring an additional 116,496 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Trupanion by 376.5% in the 1st quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 63,247 shares in the last quarter.

Trupanion Stock Up 1.0 %

Shares of Trupanion stock opened at $53.61 on Friday. Trupanion has a 1 year low of $19.14 and a 1 year high of $55.74. The company has a market cap of $2.25 billion, a P/E ratio of -83.77 and a beta of 1.73. 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 50-day moving average price of $46.12 and a 200 day moving average price of $35.24.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The business had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. As a group, analysts expect that Trupanion will post -0.34 EPS for the current fiscal year.

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.