Trupanion, Inc. (NASDAQ:TRUP) Receives Average Recommendation of “Moderate Buy” from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $34.40.

A number of brokerages have weighed in on TRUP. William Blair began coverage on Trupanion in a report on Friday. They issued an “outperform” rating on the stock. Bank of America upgraded Trupanion from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $49.00 in a report on Thursday, May 16th. Canaccord Genuity Group reduced their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Piper Sandler lifted their price target on Trupanion from $22.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, June 28th.

Trupanion Trading Down 0.4 %

Shares of NASDAQ:TRUP opened at $32.95 on Wednesday. Trupanion has a 1 year low of $19.14 and a 1 year high of $36.66. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -51.48 and a beta of 1.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day moving average price is $29.32 and its 200-day moving average price is $27.50.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.60) EPS. On average, equities research analysts forecast that Trupanion will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the sale, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at approximately $1,640,547.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $30.04, for a total transaction 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 approximately $183,394.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the sale, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,325 shares of company stock valued at $144,586. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. Vanguard Group Inc. grew its position in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after acquiring an additional 32,485 shares in the last quarter. Wellington Management Group LLP grew its position in Trupanion by 34.6% in the 4th quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after acquiring an additional 630,155 shares in the last quarter. 8 Knots Management LLC grew its position in Trupanion by 87.0% in the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after acquiring an additional 603,775 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Trupanion in the 4th quarter valued at about $31,398,000. Finally, Charles Schwab Investment Management Inc. grew its position in Trupanion by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,029 shares of the financial services provider’s stock valued at $9,154,000 after acquiring an additional 7,088 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.