Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.67.

Several brokerages have recently weighed in on TRUP. Stifel Nicolaus boosted their price target on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Northland Securities raised their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler increased their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America lifted their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, September 20th.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $53.60 on Tuesday. The firm has a 50-day simple moving average of $49.05 and a 200-day simple moving average of $39.26. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -167.50 and a beta of 1.69. Trupanion has a 52 week low of $19.69 and a 52 week high of $57.90.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 1.08% and a negative return on equity of 4.36%. Trupanion’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, equities analysts predict that Trupanion will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Steve Weinrauch sold 11,916 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the sale, the executive vice president now owns 48,978 shares in the company, valued at approximately $2,595,834. The trade was a 19.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Murray B. Low sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the transaction, the director now owns 131,513 shares of the company’s stock, valued at $6,926,789.71. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,040 shares of company stock worth $1,114,529 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several large investors have recently added to or reduced their stakes in TRUP. Louisiana State Employees Retirement System grew its stake in shares of Trupanion by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Trupanion by 7.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 671 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 685 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Trupanion by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 830 shares in 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.