Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Rating of “Moderate Buy” by Brokerages

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

Several equities analysts have recently issued reports on TRUP shares. Stifel Nicolaus upped their price target on Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday. Northland Securities upped their target price on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Bank of America lifted their price target 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. Finally, Piper Sandler increased their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st.

Trupanion Trading Down 2.6 %

Shares of NASDAQ TRUP opened at $47.47 on Wednesday. Trupanion has a 1-year low of $19.69 and a 1-year high of $57.90. The company has a 50-day moving average of $51.98 and a two-hundred day moving average of $44.71. The company has a market cap of $2.01 billion, a PE ratio of -148.34 and a beta of 1.61. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share 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 analysts’ expectations 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 was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. As a group, equities analysts expect that Trupanion will post -0.23 earnings per share for the current fiscal year.

Insider Activity at Trupanion

In related news, SVP Emily Dreyer sold 3,100 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the sale, the senior vice president now owns 24,708 shares in the company, valued at $1,355,233.80. This represents a 11.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steve Weinrauch sold 11,916 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the sale, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. The trade was a 19.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,597 shares of company stock worth $1,522,082 in the last ninety days. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew 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 buying an additional 267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trupanion by 7.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 671 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of 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 purchasing an additional 685 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Trupanion by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider’s stock valued at $1,189,000 after acquiring an additional 738 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Trupanion in the third quarter valued at approximately $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.