ProShare Advisors LLC Decreases Holdings in Trupanion, Inc. (NASDAQ:TRUP)

ProShare Advisors LLC decreased its stake in Trupanion, Inc. (NASDAQ:TRUP) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,496 shares of the financial services provider’s stock after selling 11,516 shares during the period. ProShare Advisors LLC owned 0.15% of Trupanion worth $3,061,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Trupanion during the 4th quarter worth approximately $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 valued at $27,000 after purchasing an additional 238 shares during the period. Quarry LP purchased a new stake in Trupanion in the fourth quarter worth $39,000. Aster Capital Management DIFC Ltd increased its position in Trupanion by 988.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock worth $55,000 after buying an additional 1,028 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Trupanion by 58.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock valued at $61,000 after buying an additional 460 shares during the period.

Analyst Ratings Changes

Several research firms have recently weighed in on TRUP. Stifel Nicolaus cut their price target on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Lake Street Capital dropped their price objective on shares of Trupanion from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Piper Sandler reduced their target price on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Trupanion presently has an average rating of “Moderate Buy” and a consensus price target of $51.80.

Trupanion Stock Performance

Shares of TRUP opened at $46.15 on Tuesday. Trupanion, Inc. has a 52-week low of $25.90 and a 52-week high of $57.90. The stock’s 50-day simple moving average is $38.21 and its 200 day simple moving average is $44.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -200.65, a price-to-earnings-growth ratio of 6.02 and a beta of 1.72.

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

Insider Buying and Selling

In other news, SVP Emily Dreyer sold 14,025 shares of Trupanion stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.41, for a total transaction of $454,550.25. Following the completion of the sale, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. This trade represents a 33.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $133,360.00. Following the transaction, the chief executive officer now directly owns 118,784 shares of the company’s stock, valued at $3,960,258.56. The trade was a 3.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,792 shares of company stock valued at $1,122,802. Company insiders own 5.42% of the company’s stock.

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.