Trupanion (NASDAQ:TRUP) Given New $57.00 Price Target at Piper Sandler

Trupanion (NASDAQ:TRUP) had its price objective upped by Piper Sandler from $45.00 to $57.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. William Blair began coverage on shares of Trupanion in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Stifel Nicolaus increased their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Bank of America increased their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Northland Securities increased their price objective on shares of Trupanion from $35.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Trupanion Stock Performance

NASDAQ:TRUP opened at $54.56 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. Trupanion has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The stock has a market cap of $2.30 billion, a PE ratio of -170.50 and a beta of 1.69. The firm’s fifty day simple moving average is $47.08 and its 200-day simple moving average is $36.33.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. 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 company posted ($0.10) EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Trupanion will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the company’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 document filed with the SEC, which can be accessed through the SEC website. In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the company’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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were 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 owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,764 shares of company stock worth $405,238. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new position in shares of Trupanion during the 1st quarter worth about $269,000. GSA Capital Partners LLP lifted its holdings in shares of Trupanion by 376.5% during the 1st quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 63,247 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Trupanion by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 561 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Trupanion by 45.0% during the 1st quarter. SG Americas Securities LLC now owns 27,292 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 8,473 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Trupanion during the 1st quarter worth about $473,000.

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.