Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) PT at $46.60

Trupanion, Inc. (NASDAQ:TRUP) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.60.

A number of equities research analysts have weighed in on TRUP shares. Stifel Nicolaus lowered their target price on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Piper Sandler reduced their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, February 20th.

Trupanion Stock Down 6.2 %

Trupanion stock opened at $32.40 on Thursday. The firm has a 50 day moving average price of $45.53 and a two-hundred day moving average price of $47.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -140.87, a PEG ratio of 6.02 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The firm had revenue of $337.31 million for the quarter, compared to the consensus estimate of $335.41 million. Equities analysts predict that Trupanion will post 0.13 EPS for the current year.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 1,373 shares of Trupanion stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the completion of the transaction, the chief financial officer now directly owns 2,416 shares in the company, valued at $82,675.52. This trade represents a 36.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in TRUP. SBI Securities Co. Ltd. purchased a new position in shares of Trupanion during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its stake 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 buying an additional 238 shares during the last quarter. Quarry LP bought a new position in shares of Trupanion during the 4th quarter worth approximately $39,000. Quest Partners LLC purchased a new position in shares of Trupanion in the 3rd quarter worth approximately $37,000. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Trupanion by 988.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,028 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.