Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) PT at $46.60

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $46.60.

A number of brokerages have issued reports on TRUP. Piper Sandler cut their target price on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus cut their price target on Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Thursday, February 20th.

Insiders Place Their Bets

In other news, CEO Margaret Tooth sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the sale, the chief executive officer now directly owns 118,784 shares of the company’s stock, valued at approximately $4,415,201.28. This represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Fawwad Qureshi sold 1,373 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the transaction, the chief financial officer now owns 2,416 shares in the company, valued at $82,675.52. This represents a 36.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,984 shares of company stock worth $999,042. 5.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trupanion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion in the 4th quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. Quest Partners LLC bought a new stake in Trupanion in the third quarter worth about $37,000. Quarry LP acquired a new stake in Trupanion in the 4th quarter valued at about $39,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Trupanion during the 3rd quarter valued at about $54,000.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $37.90 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -164.78, a price-to-earnings-growth ratio of 6.02 and a beta of 1.70. Trupanion has a twelve month low of $19.69 and a twelve month high of $57.90. The business has a 50 day simple moving average of $41.23 and a 200-day simple moving average of $46.61.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The business had revenue of $337.31 million for the quarter, compared to analyst estimates of $335.41 million. As a group, equities research analysts expect that Trupanion will post 0.13 earnings per share for the current year.

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.