Piper Sandler Cuts Trupanion (NASDAQ:TRUP) Price Target to $52.00

Trupanion (NASDAQ:TRUP) had its target price trimmed by Piper Sandler from $57.00 to $52.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus increased their target price on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Northland Securities increased their target price on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

Trupanion Price Performance

NASDAQ TRUP opened at $32.95 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. The stock’s fifty day moving average price is $47.64 and its 200 day moving average price is $47.87. Trupanion has a 1 year low of $19.69 and a 1 year high of $57.90. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -143.26, a PEG ratio of 6.02 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $337.31 million for the quarter, compared to analyst estimates of $335.41 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. As a group, equities research analysts forecast that Trupanion will post 0.13 earnings per share for the current year.

Insider Activity at Trupanion

In other news, CFO Fawwad Qureshi sold 9,867 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.08, for a total transaction of $523,740.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Dreyer sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $54.55, for a total transaction of $49,095.00. Following the sale, the senior vice president now owns 23,808 shares of the company’s stock, valued at $1,298,726.40. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,581 shares of company stock valued at $615,159. 5.50% of the stock is owned by corporate insiders.

Institutional Trading of Trupanion

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Trupanion by 71.7% in the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. GAMMA Investing LLC increased its holdings in Trupanion by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 267 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Trupanion by 58.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 460 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Trupanion in the 4th quarter valued at approximately $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Trupanion by 7.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 671 shares during the last quarter.

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.