Trupanion (NASDAQ:TRUP) Upgraded by Piper Sandler to “Overweight” Rating

Trupanion (NASDAQ:TRUP) was upgraded by equities researchers at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, Marketbeat reports. The firm presently has a $57.00 price objective on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 16.56% from the company’s current price.

A number of other research firms also recently issued reports on TRUP. Northland Securities raised their target price on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trupanion presently has an average rating of “Moderate Buy” and an average target price of $45.33.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $48.90 on Thursday. The company has a market capitalization of $2.07 billion, a P/E ratio of -152.81, a price-to-earnings-growth ratio of 8.11 and a beta of 1.61. The company’s 50-day moving average is $50.60 and its 200 day moving average is $45.97. 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 has a fifty-two week low of $19.69 and a fifty-two week high of $57.90.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The firm had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. During the same period in the previous year, the company earned ($0.10) earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts forecast that Trupanion will post -0.2 earnings per share for the current year.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.08, for a total value of $523,740.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Dreyer sold 900 shares of Trupanion stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the transaction, the senior vice president now directly owns 23,808 shares of the company’s stock, valued at $1,298,726.40. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,597 shares of company stock valued at $1,522,082 over the last three months. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Trupanion in the third quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in Trupanion during the third quarter worth about $54,000. GAMMA Investing LLC increased its stake in Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 596 shares during the last quarter. KBC Group NV purchased a new stake in shares of Trupanion in the 4th quarter valued at about $75,000. Finally, R Squared Ltd bought a new stake in shares of Trupanion during the 4th quarter valued at about $79,000.

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.