Piper Sandler Raises Trupanion (NASDAQ:TRUP) Price Target to $30.00

Trupanion (NASDAQ:TRUP) had its price target boosted by Piper Sandler from $22.00 to $30.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group decreased their price target on shares of Trupanion from $40.00 to $34.00 and set a buy rating for the company in a research note on Friday, May 3rd. Bank of America upgraded shares of Trupanion from a neutral rating to a buy rating and raised their price target for the stock from $35.00 to $49.00 in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $34.40.

Trupanion Price Performance

TRUP stock opened at $29.40 on Friday. The stock has a market capitalization of $1.23 billion, a PE ratio of -45.94 and a beta of 1.82. The company’s 50-day moving average is $27.19 and its 200-day moving average is $27.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62. Trupanion has a 1 year low of $18.45 and a 1 year high of $36.66.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The firm had revenue of $306.12 million for the quarter, compared to analysts’ expectations of $300.51 million. During the same quarter last year, the firm earned ($0.60) EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts expect that Trupanion will post -0.46 EPS for the current fiscal year.

Insider Activity at Trupanion

In other news, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the transaction, the senior vice president now directly owns 19,830 shares in the company, valued at approximately $502,492.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trupanion news, insider Melissa Joy Hewitt sold 1,200 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total value of $36,048.00. Following the completion of the sale, the insider now directly owns 6,105 shares of the company’s stock, valued at $183,394.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the sale, the senior vice president now directly owns 19,830 shares of the company’s stock, valued at $502,492.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,325 shares of company stock worth $144,586. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Trupanion during the fourth quarter valued at about $67,000. PNC Financial Services Group Inc. grew its holdings in Trupanion by 45.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 933 shares during the period. Victory Capital Management Inc. purchased a new stake in Trupanion in the fourth quarter worth about $211,000. Dark Forest Capital Management LP purchased a new stake in Trupanion in the third quarter worth about $219,000. Finally, Blueshift Asset Management LLC purchased a new stake in Trupanion in the fourth quarter worth about $220,000.

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.