Trupanion (NASDAQ:TRUP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Trupanion (NASDAQ:TRUP – Get Rating) in a research report released on Thursday morning. The firm issued a sell rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler lifted their price objective on shares of Trupanion from $53.00 to $63.00 and gave the stock a neutral rating in a research note on Thursday, February 16th. Lake Street Capital lifted their price target on shares of Trupanion from $67.00 to $75.00 and gave the company a buy rating in a research report on Thursday, February 16th. Finally, Canaccord Genuity Group upped their target price on Trupanion from $66.00 to $72.00 and gave the company a buy rating in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Trupanion presently has an average rating of Moderate Buy and an average price target of $78.67.

Trupanion Trading Down 2.5 %

Shares of NASDAQ TRUP opened at $55.34 on Thursday. The business’s 50 day moving average is $56.56 and its 200-day moving average is $55.59. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.22. Trupanion has a 1-year low of $40.77 and a 1-year high of $99.01.

Trupanion (NASDAQ:TRUP – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The financial services provider reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.07. Trupanion had a negative return on equity of 14.25% and a negative net margin of 4.94%. The firm had revenue of $246.01 million for the quarter, compared to analyst estimates of $242.28 million. During the same period in the prior year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts expect that Trupanion will post -0.98 EPS for the current fiscal year.

Insider Activity

In related news, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $48.96, for a total transaction of $195,840.00. Following the completion of the sale, the chief executive officer now directly owns 861,109 shares in the company, valued at approximately $42,159,896.64. The sale was disclosed in a filing with the SEC, which is available through this link. In other Trupanion news, Director Howard E. Rubin sold 3,500 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $58.85, for a total value of $205,975.00. Following the completion of the sale, the director now owns 227,855 shares in the company, valued at approximately $13,409,266.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $48.96, for a total transaction of $195,840.00. Following the transaction, the chief executive officer now owns 861,109 shares of the company’s stock, valued at approximately $42,159,896.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,100 shares of company stock worth $1,417,787. Insiders own 5.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRUP. Lindbrook Capital LLC raised its holdings in Trupanion by 95.6% during the 4th quarter. Lindbrook Capital LLC now owns 573 shares of the financial services provider’s stock valued at $27,000 after buying an additional 280 shares during the last quarter. Greenhaven Road Investment Management L.P. bought a new position in shares of Trupanion during the second quarter valued at about $32,000. Strs Ohio bought a new position in shares of Trupanion during the third quarter valued at about $35,000. Quadrant Capital Group LLC boosted its holdings in shares of Trupanion by 235.7% during the fourth quarter. Quadrant Capital Group LLC now owns 940 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 660 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in shares of Trupanion by 24.0% in the third quarter. Harbor Investment Advisory LLC now owns 1,168 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 226 shares during the last quarter. 97.55% of the stock is currently owned by institutional investors.

Trupanion Company Profile

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Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the Subscription Business and Other Business. The Subscription Business segment is involved in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members.