Trupanion (NASDAQ:TRUP) Stock Gets Price Target Cut from Cantor Fitzgerald

Trupanion (NASDAQ:TRUP – Free Report) had its price target trimmed by Cantor Fitzgerald from $34.00 to $30.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on TRUP. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings upgraded shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th. Atlantic Securities set a $42.00 price target on Trupanion in a report on Wednesday, July 15th. Finally, Stifel Nicolaus raised their price objective on Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Trupanion currently has a consensus rating of “Hold” and a consensus price target of $38.40.

Read Our Latest Report on Trupanion

Trupanion Stock Performance

Trupanion stock opened at $26.06 on Wednesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44. Trupanion has a 12 month low of $21.16 and a 12 month high of $46.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s 50-day moving average is $26.92 and its 200-day moving average is $25.51.

Trupanion (NASDAQ:TRUP – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%. The business had revenue of $392.93 million during the quarter, compared to analysts’ expectations of $389.72 million. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts anticipate that Trupanion will post 0.63 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, COO John R. Gallagher sold 3,604 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $29.70, for a total value 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 trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Fawwad Qureshi sold 6,111 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $30.01, for a total value of $183,391.11. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 13,046 shares of company stock valued at $380,162. Corporate insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in the stock. Kelleher Financial Advisors bought a new position in shares of Trupanion during the second quarter worth about $42,000. Parallel Advisors LLC increased its holdings in shares of Trupanion by 1,831.9% in the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,722 shares during the period. Quantbot Technologies LP bought a new stake in Trupanion in the 2nd quarter valued at about $89,000. Fifth Third Bancorp lifted its position in Trupanion by 2,911.1% in the 1st quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 7,336 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Trupanion by 7.7% during the 2nd quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 688 shares during the period.

About Trupanion

(Get Free Report)

Trupanion, Inc is a pet insurance company that provides medical insurance for cats and dogs. Its coverage is designed to help pet owners manage eligible veterinary expenses, including treatment for accidents, illnesses and other covered medical conditions.

The company offers subscription-based insurance plans primarily through direct-to-consumer channels and partnerships with veterinary practices. Trupanion also provides tools intended to streamline claims processing and enable participating veterinarians to receive payments directly, reducing the need for pet owners to pay eligible costs upfront and seek reimbursement.

Founded in 2000, Trupanion is headquartered in Seattle, Washington.

Further Reading

Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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