Piper Sandler Boosts Trupanion (NASDAQ:TRUP) Price Target to $30.00

Trupanion (NASDAQ:TRUP) had its price target increased by Piper Sandler from $22.00 to $30.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on TRUP. Bank of America upgraded shares of Trupanion from a neutral rating to a buy rating and raised their price objective for the stock from $35.00 to $49.00 in a research report on Thursday, May 16th. Canaccord Genuity Group lowered their target price on Trupanion from $40.00 to $34.00 and set a buy rating on the stock in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $34.40.

Trupanion Stock Down 2.5 %

TRUP opened at $28.67 on Friday. The stock’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $27.53. Trupanion has a 1-year low of $19.14 and a 1-year high of $36.66. The stock has a market cap of $1.20 billion, a PE ratio of -44.80 and a beta of 1.77. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) earnings per share. As a group, research analysts expect that Trupanion will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In other Trupanion news, EVP Steve Weinrauch sold 1,000 shares of the 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 transaction, the executive vice president now owns 55,896 shares in the company, valued at approximately $1,640,547.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Steve Weinrauch sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the sale, the executive vice president now directly owns 55,896 shares in the company, valued at approximately $1,640,547.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Darryl Rawlings bought 20,700 shares of Trupanion stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $24.14 per share, for a total transaction of $499,698.00. Following the completion of the acquisition, the chief executive officer now owns 614,842 shares in the company, valued at approximately $14,842,285.88. The disclosure for this purchase can be found here. Insiders sold 5,325 shares of company stock worth $144,586 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trupanion

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Trupanion by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock worth $101,433,000 after acquiring an additional 32,485 shares in the last quarter. Wellington Management Group LLP raised its position in Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after purchasing an additional 630,155 shares in the last quarter. 8 Knots Management LLC lifted its stake in Trupanion by 87.0% during the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock worth $35,824,000 after purchasing an additional 603,775 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Trupanion in the 4th quarter valued at $31,398,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Trupanion by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,029 shares of the financial services provider’s stock valued at $9,154,000 after purchasing an additional 7,088 shares in the last quarter.

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.