Trupanion (NASDAQ:TRUP) Price Target Raised to $50.00

Trupanion (NASDAQ:TRUP) had its price target upped by Northland Securities from $45.00 to $50.00 in a research note published on Thursday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

TRUP has been the topic of a number of other reports. William Blair began coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Bank of America upped their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Evercore ISI raised Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler increased their price target on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Trupanion Stock Performance

NASDAQ:TRUP opened at $54.56 on Thursday. The firm’s fifty day simple moving average is $47.08 and its 200 day simple moving average is $36.43. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 0.40. Trupanion has a twelve month low of $19.69 and a twelve month high of $57.90. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -170.50 and a beta of 1.69.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. As a group, equities research 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 640 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Insiders sold a total of 8,764 shares of company stock worth $405,238 over the last ninety days. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after acquiring an additional 32,485 shares during the last quarter. 8 Knots Management LLC lifted its stake in Trupanion by 87.0% during the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after purchasing an additional 603,775 shares during the last quarter. Marshall Wace LLP boosted its holdings in Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after buying an additional 116,496 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Trupanion during the second quarter worth approximately $4,739,000. Finally, 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 buying an additional 26,941 shares during the last quarter.

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.