Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $54.15 and last traded at $53.76, with a volume of 15921 shares. The stock had previously closed at $53.50.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on TRUP shares. Evercore ISI raised shares of Trupanion to a "strong-buy" rating in a report on Friday, August 9th. William Blair began coverage on shares of Trupanion in a research note on Friday, July 19th. They set an "outperform" rating on the stock. Northland Securities lifted their price objective on shares of Trupanion from $35.00 to $45.00 and gave the company a "market perform" rating in a research note on Thursday, September 19th. Bank of America boosted their target price on shares of Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a report on Friday, September 20th. Finally, Piper Sandler raised their price target on Trupanion from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $41.83.
Read Our Latest Report on Trupanion
Trupanion Stock Up 3.7 %
The company's 50 day simple moving average is $44.60 and its 200-day simple moving average is $34.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $2.34 billion, a PE ratio of -123.29 and a beta of 1.73.
Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. The company had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The firm's revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.33) earnings per share. On average, analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current fiscal year.
Insider Buying and Selling at Trupanion
In other news, CEO Margaret Tooth sold 7,500 shares of the business'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 completion of the transaction, the chief executive officer now owns 99,984 shares of the company's stock, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Margaret Tooth sold 7,500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,764 shares of company stock valued at $405,238 in the last 90 days. Corporate insiders own 5.50% of the company's stock.
Hedge Funds Weigh In On Trupanion
Several institutional investors have recently modified their holdings of TRUP. OmniStar Financial Group Inc. purchased a new stake in shares of Trupanion in the 3rd quarter valued at $535,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 596 shares during the period. Handelsbanken Fonder AB bought a new stake in Trupanion in the third quarter worth $248,000. EP Wealth Advisors LLC purchased a new stake in Trupanion during the second quarter valued at about $294,000. Finally, AQR Capital Management LLC grew its stake in shares of Trupanion by 173.8% during the second quarter. AQR Capital Management LLC now owns 43,553 shares of the financial services provider's stock valued at $1,280,000 after buying an additional 27,644 shares during the last quarter.
About Trupanion
(
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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