Trupanion, Inc. (NASDAQ:TRUP – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.99 and traded as high as $24.40. Trupanion shares last traded at $23.50, with a volume of 314,858 shares changing hands.
Analyst Ratings Changes
TRUP has been the subject of a number of research analyst reports. Bank of America decreased their target price on Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Atlantic Securities set a $42.00 price target on Trupanion in a research report on Wednesday, July 15th. Cantor Fitzgerald reduced their price objective on Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Stifel Nicolaus set a $28.00 price objective on Trupanion in a report on Friday, June 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.60.
Get Our Latest Stock Report on Trupanion
Trupanion Trading Up 2.1%
Trupanion (NASDAQ:TRUP – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The business had revenue of $384.05 million during the quarter, compared to the consensus estimate of $379.77 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts anticipate that Trupanion, Inc. will post 0.55 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Fawwad Qureshi sold 6,177 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total value of $137,005.86. Following the transaction, the chief financial officer owned 2,081 shares of the company’s stock, valued at approximately $46,156.58. The trade was a 74.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steve Weinrauch sold 6,674 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $22.00, for a total value of $146,828.00. Following the sale, the executive vice president owned 78,062 shares of the company’s stock, valued at $1,717,364. This trade represents a 7.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 17,807 shares of company stock valued at $395,482. 5.58% of the stock is owned by company insiders.
Institutional Investors Weigh In On Trupanion
Several hedge funds have recently modified their holdings of TRUP. Parallel Advisors LLC increased its stake in Trupanion by 1,831.9% in the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,722 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Trupanion in the 4th quarter worth $64,000. Kelleher Financial Advisors acquired a new stake in shares of Trupanion in the 3rd quarter worth $74,000. Advisory Services Network LLC purchased a new stake in shares of Trupanion in the third quarter valued at about $160,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Trupanion by 2,911.1% in the first quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 7,336 shares in the last quarter.
Trupanion Company Profile
Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.
Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.
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