Hanseatic Management Services Inc. Purchases New Position in Trupanion, Inc. (NASDAQ:TRUP)

Hanseatic Management Services Inc. bought a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,806 shares of the financial services provider's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC increased its stake in shares of Trupanion by 33.8% during the first quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider's stock worth $3,352,000 after purchasing an additional 30,645 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Trupanion during the 1st quarter valued at about $473,000. Renaissance Technologies LLC purchased a new stake in Trupanion during the 2nd quarter valued at about $4,739,000. Marshall Wace LLP grew its stake in Trupanion by 11.9% during the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider's stock valued at $32,181,000 after acquiring an additional 116,496 shares in the last quarter. Finally, Connors Investor Services Inc. grew its stake in Trupanion by 31.3% during the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider's stock valued at $3,339,000 after acquiring an additional 27,042 shares in the last quarter.

Trupanion Trading Down 2.6 %

Shares of NASDAQ:TRUP traded down $1.29 during mid-day trading on Thursday, reaching $48.92. 469,577 shares of the company were exchanged, compared to its average volume of 681,165. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.63. The firm's 50-day simple moving average is $47.29 and its 200 day simple moving average is $37.01. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -152.88 and a beta of 1.69.

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, beating analysts' consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business had revenue of $327.50 million during the quarter, compared to analysts' expectations of $321.79 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company's revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 640 shares of the business's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Margaret Tooth sold 7,500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares of the company's stock, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 640 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Insiders sold 10,764 shares of company stock valued at $510,578 in the last 90 days. Company insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

TRUP has been the subject of several research reports. William Blair initiated coverage on shares of Trupanion in a research note on Friday, July 19th. They set an "outperform" rating for the company. Stifel Nicolaus upped their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Bank of America upped their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Evercore ISI upgraded shares of Trupanion to a "strong-buy" rating in a report on Friday, August 9th. Finally, Piper Sandler raised their price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.67.

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.