Trupanion (NASDAQ:TRUP) Given New $57.00 Price Target at Piper Sandler

Trupanion (NASDAQ:TRUP) had its price target upped by investment analysts at Piper Sandler from $45.00 to $57.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 3.28% from the company’s current price.

A number of other research analysts also recently commented on the company. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Northland Securities increased their target price on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, September 19th. Stifel Nicolaus increased their target price on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Evercore ISI raised Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Finally, William Blair initiated coverage on Trupanion in a report on Friday, July 19th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Trupanion Price Performance

Trupanion stock traded up $0.07 during trading hours on Thursday, hitting $55.19. The stock had a trading volume of 520,462 shares, compared to its average volume of 679,287. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. Trupanion has a 1-year low of $19.14 and a 1-year high of $57.90. The stock’s fifty day moving average is $46.73 and its two-hundred day moving average is $35.87. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -86.56 and a beta of 1.73.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, analysts predict that Trupanion will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock valued at $405,238 in the last quarter. 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 stock. Fernwood Investment Management LLC grew its holdings in shares of Trupanion by 33.3% in the 3rd quarter. Fernwood Investment Management LLC now owns 20,000 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 5,000 shares during the last quarter. OmniStar Financial Group Inc. acquired a new position in shares of Trupanion in the 3rd quarter worth $535,000. GAMMA Investing LLC grew its holdings in shares of Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 596 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Trupanion in the 3rd quarter worth $248,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Trupanion in the 2nd quarter worth $294,000.

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.