Trupanion, Inc. (NASDAQ:TRUP) Receives $45.33 Consensus Price Target from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $45.33.

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Stifel Nicolaus lifted their price objective on shares of Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, January 6th. Piper Sandler upped their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Northland Securities lifted their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, October 31st.

Trupanion Stock Performance

Shares of NASDAQ:TRUP opened at $43.65 on Wednesday. The firm’s 50 day simple moving average is $51.15 and its 200-day simple moving average is $45.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion has a one year low of $19.69 and a one year high of $57.90. The firm has a market cap of $1.85 billion, a PE ratio of -136.41 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $321.79 million. During the same period last year, the business posted ($0.10) EPS. Trupanion’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts predict that Trupanion will post -0.23 EPS for the current year.

Insider Activity

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the transaction, the chief financial officer now owns 9,867 shares in the company, valued at approximately $519,102.87. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Murray B. Low sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the transaction, the director now directly owns 131,513 shares of the company’s stock, valued at approximately $6,926,789.71. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,597 shares of company stock worth $1,522,082. Insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. Quest Partners LLC purchased a new stake in shares of Trupanion in the 3rd quarter valued at $37,000. Wilmington Savings Fund Society FSB purchased a new stake in Trupanion in the third quarter valued at $54,000. GAMMA Investing LLC boosted its holdings in Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Trupanion during the 2nd quarter worth about $162,000. Finally, Entropy Technologies LP purchased a new position in shares of Trupanion during the 3rd quarter valued at about $202,000.

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.