Northland Securities Issues Positive Forecast for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP) had its target price lifted by Northland Securities from $45.00 to $50.00 in a report released on Thursday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler boosted their price target on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus increased their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, William Blair initiated coverage on Trupanion in a report on Friday, July 19th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Stock Up 1.5 %

Shares of NASDAQ:TRUP traded up $0.80 during trading on Thursday, reaching $55.58. 177,032 shares of the company traded hands, compared to its average volume of 678,395. The firm has a fifty day simple moving average of $46.92 and a 200 day simple moving average of $36.00. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. Trupanion has a 1-year low of $19.69 and a 1-year high of $57.90. The firm has a market cap of $2.34 billion, a P/E ratio of -171.19 and a beta of 1.73.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.42% and a negative net margin of 1.08%. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts anticipate that Trupanion will post -0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 640 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total transaction of $27,596.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,764 shares of company stock valued at $405,238 in the last three months. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRUP. Louisiana State Employees Retirement System boosted its stake in Trupanion by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after buying an additional 500 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Trupanion by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 561 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 596 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 685 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Trupanion by 2.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after buying an additional 830 shares in the last quarter.

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.