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

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.67.

TRUP has been the subject of several recent research reports. Northland Securities increased their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America raised their price target 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 increased their price objective on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, Piper Sandler boosted their target price on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st.

Trupanion Stock Performance

Shares of TRUP stock opened at $52.73 on Friday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -164.78 and a beta of 1.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $52.13 and its 200-day moving average price is $41.74. Trupanion has a 12 month low of $19.69 and a 12 month high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) EPS. Equities research analysts forecast that Trupanion will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the sale, the senior vice president now owns 24,708 shares of the company’s stock, valued at approximately $1,355,233.80. This trade represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. The trade was a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,405 shares of company stock worth $1,512,482. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trupanion in the 3rd quarter worth about $54,000. Barclays PLC raised its stake in shares of Trupanion by 259.2% in the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider’s stock worth $2,750,000 after purchasing an additional 47,262 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of Trupanion by 27.8% in the third quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock valued at $15,443,000 after purchasing an additional 80,014 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Trupanion by 4.4% during the third quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock valued at $142,475,000 after buying an additional 142,156 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Trupanion during the third quarter worth $855,000.

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.