Landscape Capital Management L.L.C. Purchases Shares of 16,627 Trupanion, Inc. (NASDAQ:TRUP)

Landscape Capital Management L.L.C. acquired a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,627 shares of the financial services provider's stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider's stock valued at $101,433,000 after buying an additional 32,485 shares in the last quarter. 8 Knots Management LLC grew its position in shares of Trupanion by 87.0% during the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider's stock worth $35,824,000 after purchasing an additional 603,775 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider's stock worth $32,181,000 after purchasing an additional 116,496 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Trupanion in the second quarter valued at approximately $4,739,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Trupanion by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider's stock valued at $4,052,000 after buying an additional 26,941 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on TRUP. Northland Securities raised their price objective on Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Evercore ISI raised shares of Trupanion to a "strong-buy" rating in a research report on Friday, August 9th. Bank of America increased their price objective on shares of Trupanion from $47.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Stifel Nicolaus increased their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Finally, Piper Sandler lifted their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.67.

Trupanion Price Performance

Shares of TRUP traded up $0.95 during trading hours on Friday, reaching $53.60. The stock had a trading volume of 675,363 shares, compared to its average volume of 663,890. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 12 month low of $19.69 and a 12 month high of $57.90. The stock has a market capitalization of $2.27 billion, a PE ratio of -167.50 and a beta of 1.69. The company's 50-day moving average is $49.05 and its two-hundred day moving average is $39.36.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $321.79 million. During the same quarter last year, the business earned ($0.10) EPS. The firm's quarterly revenue was up 14.6% on a year-over-year basis. Research analysts expect that Trupanion, Inc. will post -0.23 EPS for the current year.

Insider Transactions at Trupanion

In other news, EVP Steve Weinrauch sold 11,916 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the sale, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. This represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Fawwad Qureshi sold 624 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,040 shares of company stock worth $1,114,529. Company insiders own 5.50% of the company's stock.

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.