Trupanion, Inc. (NASDAQ:TRUP) Receives $51.80 Average Target Price from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research 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 12-month target price among brokers that have issued a report on the stock in the last year is $51.80.

A number of research firms have weighed in on TRUP. Stifel Nicolaus decreased their target price on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Lake Street Capital cut their price target on shares of Trupanion from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler cut their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, February 20th.

Trupanion Trading Down 0.8%

TRUP stock opened at $51.72 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of -224.87, a PEG ratio of 6.02 and a beta of 1.81. Trupanion has a 52-week low of $25.90 and a 52-week high of $57.90. The company’s 50-day simple moving average is $41.97 and its 200-day simple moving average is $43.76. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $341.98 million for the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. Trupanion’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted ($0.16) EPS. As a group, equities analysts forecast that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Activity at Trupanion

In other news, CEO Margaret Tooth sold 4,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $33.34, for a total transaction of $133,360.00. Following the completion of the transaction, the chief executive officer now directly owns 118,784 shares of the company’s stock, valued at approximately $3,960,258.56. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 2,534 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the transaction, the chief financial officer now directly owns 3,545 shares of the company’s stock, valued at approximately $171,258.95. This represents a 41.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,562 shares of company stock worth $826,910 in the last three months. 5.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trupanion

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Trupanion by 259.2% during the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider’s stock worth $2,750,000 after purchasing an additional 47,262 shares during the last quarter. KBC Group NV acquired a new position in shares of Trupanion in the fourth quarter valued at approximately $75,000. Choreo LLC acquired a new position in shares of Trupanion in the fourth quarter valued at approximately $201,000. Baillie Gifford & Co. raised its position in Trupanion by 26.6% in the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock worth $33,806,000 after acquiring an additional 147,341 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Trupanion by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 163,188 shares of the financial services provider’s stock worth $7,866,000 after acquiring an additional 5,412 shares in the last quarter.

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.