Trupanion (NASDAQ:TRUP) Sets New 12-Month High at $39.44

Trupanion, Inc. (NASDAQ:TRUP)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $39.44 and last traded at $39.05, with a volume of 28086 shares. The stock had previously closed at $38.92.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TRUP shares. Bank of America raised shares of Trupanion from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $49.00 in a research report on Thursday, May 16th. Northland Securities increased their target price on Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price objective (up from $22.00) on shares of Trupanion in a research note on Friday. William Blair began coverage on Trupanion in a report on Friday, July 19th. They set an “outperform” rating for the company. Finally, Piper Sandler raised their price objective on Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.17.

Trupanion Price Performance

The firm has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $28.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.62 and a current ratio of 1.63. The company has a market cap of $1.65 billion, a P/E ratio of -60.81 and a beta of 1.77.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The business had revenue of $314.80 million for the quarter, compared to analysts’ expectations of $309.33 million. During the same quarter in the prior year, the firm posted ($0.33) EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts predict that Trupanion, Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, insider Melissa Joy Hewitt sold 1,200 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total transaction of $36,048.00. Following the transaction, the insider now directly owns 6,105 shares in the company, valued at $183,394.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the completion of the sale, the executive vice president now owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 $183,394.20. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its position in Trupanion by 33.8% during the 1st quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock valued at $3,352,000 after buying an additional 30,645 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Trupanion in the first quarter worth approximately $473,000. 8 Knots Management LLC bought a new position in shares of Trupanion during the 4th quarter valued at $21,165,000. Seven Eight Capital LP bought a new stake in shares of Trupanion in the fourth quarter worth $1,399,000. Finally, Quest Partners LLC bought a new stake in shares of Trupanion during the 4th quarter valued at about $67,000.

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.