Hanseatic Management Services Inc. Takes Position in Trupanion, Inc. (NASDAQ:TRUP)

Hanseatic Management Services Inc. purchased a new position in Trupanion, Inc. (NASDAQ:TRUP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,806 shares of the financial services provider’s stock, valued at approximately $538,000.

Other large investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its holdings in shares of Trupanion by 33.8% in the first quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock worth $3,352,000 after buying an additional 30,645 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Trupanion during the 1st quarter worth $473,000. Renaissance Technologies LLC bought a new stake in shares of Trupanion during the 2nd quarter valued at $4,739,000. Marshall Wace LLP grew its position in shares of Trupanion by 11.9% during the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after acquiring an additional 116,496 shares during the period. Finally, Connors Investor Services Inc. raised its holdings in Trupanion by 31.3% in the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 27,042 shares during the period.

Analysts Set New Price Targets

TRUP has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Piper Sandler upped their price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. William Blair assumed coverage on shares of Trupanion in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Northland Securities raised 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. Finally, Bank of America upped their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 99,984 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. Insiders sold 8,764 shares of company stock worth $405,238 over the last 90 days. 5.50% of the stock is owned by insiders.

Trupanion Trading Down 1.8 %

Shares of TRUP stock opened at $50.21 on Thursday. The stock’s 50-day moving average price is $47.26 and its 200-day moving average price is $36.93. Trupanion, Inc. has a 12-month low of $19.69 and a 12-month high of $57.90. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -156.91 and a beta of 1.69. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (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 business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. During the same period in the prior year, the firm earned ($0.10) EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts predict that Trupanion, Inc. will post -0.34 EPS for the current fiscal year.

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.