Trupanion (NASDAQ:TRUP – Free Report) 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.
Get Our Latest Report on Trupanion
Trupanion Stock Performance
Trupanion (NASDAQ:TRUP – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Trupanion
- Using the MarketBeat Stock Split Calculator
- Battle of the Retailers: Who Comes Out on Top?
- Basic Materials Stocks Investing
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.