Quest Partners LLC Purchases New Position in Trupanion, Inc. (NASDAQ:TRUP)

Quest Partners LLC purchased a new position in shares of Trupanion, Inc. (NASDAQ:TRUP) during the 3rd quarter, HoldingsChannel reports. The firm purchased 873 shares of the financial services provider’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRUP. Mutual of America Capital Management LLC acquired a new position in Trupanion during the third quarter valued at approximately $210,000. Check Capital Management Inc. CA boosted its holdings in shares of Trupanion by 2.7% during the 3rd quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 1,100 shares during the period. Victory Capital Management Inc. bought a new position in Trupanion in the 3rd quarter worth approximately $261,000. GSA Capital Partners LLP boosted its holdings in Trupanion by 51.3% in the 3rd quarter. GSA Capital Partners LLP now owns 10,487 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 3,554 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Trupanion during the 3rd quarter worth about $202,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRUP shares. Bank of America upped their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Piper Sandler upped their target price 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. Stifel Nicolaus increased their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Northland Securities raised their target price on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Insider Transactions at Trupanion

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at $1,355,233.80. The trade was a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,538 shares of company stock worth $988,741 in the last ninety days. Insiders own 5.50% of the company’s stock.

Trupanion Price Performance

NASDAQ:TRUP opened at $53.31 on Monday. Trupanion, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90. The company has a market cap of $2.26 billion, a P/E ratio of -166.59 and a beta of 1.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $40.37.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $327.50 million for 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 firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) earnings per share. As a group, sell-side analysts forecast that Trupanion, Inc. will post -0.23 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.