Trupanion (NASDAQ:TRUP) Hits New 12-Month High at $49.14

Trupanion, Inc. (NASDAQ:TRUP)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $49.14 and last traded at $46.16, with a volume of 418049 shares. The stock had previously closed at $46.55.

Analysts Set New Price Targets

Several research analysts recently issued reports on TRUP shares. William Blair started coverage on Trupanion in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Piper Sandler increased their price objective on shares of Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Northland Securities boosted their target price on Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $30.00 price objective (up previously from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Four investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Trupanion Stock Performance

The company has a market capitalization of $1.93 billion, a P/E ratio of -72.73 and a beta of 1.74. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $39.75 and its 200 day moving average is $31.43.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the company earned ($0.33) earnings per share. As a group, equities analysts anticipate that Trupanion, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 624 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The disclosure for this sale can be found here. Insiders sold 8,764 shares of company stock valued at $405,238 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trupanion

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in Trupanion in the fourth quarter worth $67,000. Headlands Technologies LLC purchased a new position in shares of Trupanion during the 2nd quarter valued at about $162,000. Victory Capital Management Inc. purchased a new position in shares of Trupanion during the 4th quarter valued at about $211,000. Blueshift Asset Management LLC bought a new stake in Trupanion in the 4th quarter worth approximately $220,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Trupanion in the second quarter worth approximately $235,000.

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.