Trupanion (NASDAQ:TRUP) Reaches New 52-Week High on Earnings Beat

Trupanion, Inc. (NASDAQ:TRUP) shares hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $57.90 and last traded at $56.51, with a volume of 67455 shares traded. The stock had previously closed at $55.12.

The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share.

Analyst Ratings Changes

Several analysts recently issued reports on TRUP shares. Stifel Nicolaus raised their target price on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Evercore ISI raised Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Northland Securities raised their target price on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, September 19th. Piper Sandler lifted their price objective on Trupanion from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, William Blair started coverage on Trupanion in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

Insider Activity

In other news, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,764 shares of company stock worth $405,238. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in TRUP. GAMMA Investing LLC raised its stake in Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after buying an additional 596 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Trupanion during the 2nd quarter valued at $162,000. Handelsbanken Fonder AB purchased a new stake in Trupanion during the 3rd quarter valued at $248,000. Oppenheimer Asset Management Inc. purchased a new stake in Trupanion during the 2nd quarter valued at $235,000. Finally, Bayesian Capital Management LP purchased a new stake in Trupanion during the 1st quarter valued at $253,000.

Trupanion Stock Performance

The business’s 50 day simple moving average is $46.73 and its two-hundred day simple moving average is $35.87. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.34 billion, a PE ratio of -86.13 and a beta of 1.73.

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.