Trupanion, Inc. (NASDAQ:TRUP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.17.

TRUP has been the subject of several research analyst reports. William Blair initiated coverage on shares of Trupanion in a research note on Friday, July 19th. They set an “outperform” rating for the company. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 target price (up previously from $22.00) on shares of Trupanion in a research note on Friday, August 9th. Canaccord Genuity Group lowered their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Bank of America raised shares of Trupanion from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $49.00 in a research report on Thursday, May 16th.

Insider Transactions at Trupanion

In related news, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total value of $36,048.00. Following the sale, the insider now owns 6,105 shares of the company’s stock, valued at $183,394.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Trupanion news, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. Following the sale, the executive vice president now owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $30.04, for a total transaction of $36,048.00. Following the sale, the insider now directly owns 6,105 shares in the company, valued at approximately $183,394.20. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

Large investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its holdings in shares of Trupanion by 33.8% during the first quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock worth $3,352,000 after purchasing an additional 30,645 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Trupanion in the first quarter valued at $473,000. 8 Knots Management LLC purchased a new position in shares of Trupanion in the 4th quarter valued at about $21,165,000. Seven Eight Capital LP acquired a new stake in shares of Trupanion in the fourth quarter valued at about $1,399,000. Finally, Quest Partners LLC purchased a new stake in Trupanion during the fourth quarter worth about $67,000.

Trupanion Trading Up 5.5 %

Shares of TRUP opened at $43.29 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42. Trupanion has a 12-month low of $19.14 and a 12-month high of $44.06. The firm has a 50-day moving average price of $31.93 and a 200 day moving average price of $28.58. The firm has a market capitalization of $1.82 billion, a P/E ratio of -67.64 and a beta of 1.77.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. Trupanion’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. Sell-side analysts forecast that Trupanion will post -0.4 EPS for the current year.

About Trupanion

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.