Inspire Investing LLC Cuts Position in Trupanion, Inc. (NASDAQ:TRUP)

Inspire Investing LLC trimmed its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,913 shares of the financial services provider’s stock after selling 864 shares during the quarter. Inspire Investing LLC’s holdings in Trupanion were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Connors Investor Services Inc. lifted its holdings in shares of Trupanion by 31.3% in the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 27,042 shares during the period. Renaissance Technologies LLC purchased a new position in Trupanion in the second quarter worth approximately $4,739,000. Dimensional Fund Advisors LP grew its position in Trupanion by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider’s stock worth $4,052,000 after acquiring an additional 26,941 shares during the period. WINTON GROUP Ltd grew its position in Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 685 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Trupanion during the second quarter worth $235,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRUP. Stifel Nicolaus upped their price target on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America raised their price target on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. William Blair started coverage on Trupanion in a report on Friday, July 19th. They set an “outperform” rating on the stock. Piper Sandler raised their price objective on Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Northland Securities raised their price target on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, September 19th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $42.26 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.77 billion, a P/E ratio of -66.03 and a beta of 1.74. Trupanion, Inc. has a 52 week low of $19.14 and a 52 week high of $49.14. The company has a 50-day moving average price of $40.75 and a 200 day moving average price of $31.84.

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

Insider Buying and Selling

In related news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 of the company’s stock, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction that occurred on Monday, August 26th. The stock was 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 in the last ninety days. Insiders own 5.50% of the company’s stock.

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.