Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Target Price at $44.67

by · The Markets Daily

Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $44.67.

A number of analysts have recently commented on the company. Bank of America lifted their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Piper Sandler lifted their price target on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Northland Securities lifted their target price on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, October 31st.

Get Our Latest Research Report on TRUP

Trupanion Price Performance

TRUP stock opened at $50.73 on Friday. The business has a 50 day moving average price of $52.92 and a 200 day moving average price of $42.69. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -158.53 and a beta of 1.60. Trupanion has a fifty-two week low of $19.69 and a fifty-two week high of $57.90.

Trupanion (NASDAQ:TRUP – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. The company’s revenue was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Trupanion will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Steve Weinrauch sold 11,916 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the sale, the executive vice president now owns 48,978 shares in the company, valued at approximately $2,595,834. This trade represents a 19.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 3,100 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares in the company, valued at approximately $1,355,233.80. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,405 shares of company stock valued at $1,512,482. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC increased its holdings in Trupanion by 70.4% in the third 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trupanion by 7.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 671 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 685 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Trupanion in the 3rd quarter valued at approximately $37,000.

Trupanion Company Profile

(Get Free Report

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.

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