Trupanion (NASDAQ:TRUP) Releases Earnings Results, Misses Estimates By $0.02 EPS

Trupanion (NASDAQ:TRUP) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%.

Trupanion Stock Down 2.4 %

NASDAQ:TRUP traded down $1.18 on Wednesday, hitting $47.51. The stock had a trading volume of 667,666 shares, compared to its average volume of 508,901. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. Trupanion has a 52 week low of $19.69 and a 52 week high of $57.90. The business’s fifty day moving average is $48.54 and its 200 day moving average is $47.98. The company has a market cap of $2.01 billion, a PE ratio of -148.47, a P/E/G ratio of 8.66 and a beta of 1.60.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Piper Sandler raised Trupanion from a “neutral” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Thursday, January 23rd. Finally, Northland Securities increased their price target on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Insider Activity

In other Trupanion news, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the transaction, the executive vice president now owns 48,978 shares in the company, valued at approximately $2,595,834. This represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 3,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the completion of the transaction, the senior vice president now directly owns 24,708 shares in the company, valued at $1,355,233.80. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,597 shares of company stock worth $1,416,742 over the last quarter. 5.50% of the stock is currently owned by corporate insiders.

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.