Trupanion, Inc. (NASDAQ:TRUP – Get Free Report) was down 5.6% during mid-day trading on Monday. The company traded as low as $35.10 and last traded at $34.6860. 128,435 shares changed hands during trading, a decline of 71% from the average daily volume of 438,700 shares. The stock had previously closed at $36.75.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Trupanion from a “hold” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald boosted their price objective on Trupanion from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday. Atlantic Securities set a $42.00 target price on Trupanion in a research note on Wednesday, July 15th. Zacks Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Finally, Stifel Nicolaus lifted their price target on Trupanion from $29.00 to $34.00 and gave the company a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trupanion presently has a consensus rating of “Hold” and a consensus price target of $40.00.
View Our Latest Stock Report on TRUP
Trupanion Price Performance
The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.16 and a beta of 1.27. The stock has a 50-day moving average price of $27.14 and a 200 day moving average price of $26.69.
Trupanion (NASDAQ:TRUP – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Trupanion had a return on equity of 6.71% and a net margin of 1.71%. The company had revenue of $405.59 million during the quarter, compared to analysts’ expectations of $402.53 million. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts expect that Trupanion, Inc. will post 0.64 earnings per share for the current year.
Insider Activity
In related news, CFO Fawwad Qureshi sold 6,111 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total value of $183,391.11. Following the completion of the sale, the chief financial officer owned 4,230 shares of the company’s stock, valued at approximately $126,942.30. The trade was a 59.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Gallagher sold 3,604 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the transaction, the chief operating officer owned 33,742 shares of the company’s stock, valued at $1,002,137.40. This represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,046 shares of company stock worth $407,743 in the last quarter. Corporate insiders own 5.58% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in shares of Trupanion during the 2nd quarter worth approximately $4,631,000. Bank of America Corp DE purchased a new stake in shares of Trupanion in the second quarter valued at approximately $14,262,000. Renaissancere Holdings Ltd. acquired a new stake in shares of Trupanion in the second quarter valued at approximately $6,514,510. Legal & General Group Plc acquired a new stake in shares of Trupanion in the second quarter valued at approximately $1,938,000. Finally, GSA Capital Partners LLP purchased a new position in Trupanion during the second quarter worth approximately $1,394,000.
Trupanion Company Profile
Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.
The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.
Read More
- Five stocks we like better than Trupanion
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.
