Trupanion (NASDAQ:TRUP) Price Target Raised to $44.00 at Stifel Nicolaus

Trupanion (NASDAQ:TRUP) had its price objective lifted by analysts at Stifel Nicolaus from $42.00 to $44.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Stifel Nicolaus’ price target indicates a potential downside of 10.51% from the stock’s current price.

Other analysts also recently issued research reports about the company. Piper Sandler raised their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Bank of America upped their price target on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. 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 report on Thursday, October 31st. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.33.

Trupanion Trading Down 0.8 %

Trupanion stock traded down $0.41 during mid-day trading on Monday, hitting $49.17. The stock had a trading volume of 75,426 shares, compared to its average volume of 378,595. The stock has a market capitalization of $2.08 billion, a PE ratio of -153.66 and a beta of 1.61. Trupanion has a 12 month low of $19.69 and a 12 month high of $57.90. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $52.21 and a two-hundred day simple moving average of $44.42.

Trupanion (NASDAQ:TRUP) last posted its quarterly 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 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%. Trupanion’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts forecast that Trupanion will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 9,867 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.08, for a total value of $523,740.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emily Dreyer sold 900 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the completion of the sale, the senior vice president now owns 23,808 shares in the company, valued at approximately $1,298,726.40. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock valued at $1,512,482 in the last 90 days. 5.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently made changes to their positions in TRUP. Quest Partners LLC acquired a new stake in shares of Trupanion during the third quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Trupanion in the third quarter valued at approximately $54,000. GAMMA Investing LLC grew its position in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after buying an additional 596 shares in the last quarter. Headlands Technologies LLC acquired a new position in Trupanion in the 2nd quarter valued at $162,000. Finally, Entropy Technologies LP acquired a new position in Trupanion in the 3rd quarter valued at $202,000.

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.