Cantor Fitzgerald Cuts Trupanion (NASDAQ:TRUP) Price Target to $42.00

by · The Markets Daily

Trupanion (NASDAQ:TRUP – Free Report) had its target price cut by Cantor Fitzgerald from $50.00 to $42.00 in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 29th. Zacks Research raised shares of Trupanion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Stifel Nicolaus lowered their price objective on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Finally, Piper Sandler reduced their target price on Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

Check Out Our Latest Stock Report on TRUP

Trupanion Stock Down 4.3%

Shares of Trupanion stock opened at $32.44 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.71. The firm’s 50-day moving average is $36.64 and its two-hundred day moving average is $42.73. Trupanion has a 1 year low of $31.00 and a 1 year high of $57.88. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 90.11 and a beta of 1.58.

Trupanion (NASDAQ:TRUP – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.76). The business had revenue of $366.92 million for the quarter, compared to analysts’ expectations of $361.58 million. Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. As a group, research analysts expect that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, COO John R. Gallagher sold 6,383 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the sale, the chief operating officer owned 32,721 shares in the company, valued at approximately $1,139,345.22. This represents a 16.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Margaret Tooth sold 9,605 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $37.88, for a total transaction of $363,837.40. Following the sale, the chief executive officer directly owned 150,294 shares in the company, valued at $5,693,136.72. The trade was a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,307 shares of company stock worth $1,556,742 over the last quarter. 5.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trupanion

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in Trupanion during the third quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Trupanion in the third quarter worth about $39,000. Nisa Investment Advisors LLC boosted its stake in shares of Trupanion by 44.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 300 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Trupanion during the 3rd quarter valued at about $74,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Trupanion by 21.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 478 shares in the last quarter.

Trupanion Company Profile

(Get Free Report)

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.

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