Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) shares reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $57.90 and last traded at $56.51, with a volume of 67455 shares trading hands. The stock had previously closed at $55.12.
The financial services provider reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The firm's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) EPS.
Analyst Ratings Changes
Several brokerages have recently commented on TRUP. Evercore ISI upgraded shares of Trupanion to a "strong-buy" rating in a research note on Friday, August 9th. William Blair assumed coverage on Trupanion in a report on Friday, July 19th. They issued an "outperform" rating on the stock. Piper Sandler increased their price target on Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday. Northland Securities lifted their price objective on Trupanion from $45.00 to $50.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on Trupanion from $30.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trupanion presently has a consensus rating of "Moderate Buy" and an average target price of $44.67.
View Our Latest Report on TRUP
Insider Transactions at Trupanion
In related 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 value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the sale, 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 position. The transaction 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 stock in a transaction on Friday, August 16th. The shares were 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 a total of 8,764 shares of company stock worth $405,238 over the last 90 days. 5.50% of the stock is owned by insiders.
Institutional Investors Weigh In On Trupanion
Several hedge funds have recently bought and sold shares of TRUP. Hanseatic Management Services Inc. bought a new stake in shares of Trupanion in the third quarter worth about $538,000. Fernwood Investment Management LLC increased its stake in Trupanion by 33.3% during the 3rd quarter. Fernwood Investment Management LLC now owns 20,000 shares of the financial services provider's stock worth $840,000 after purchasing an additional 5,000 shares in the last quarter. OmniStar Financial Group Inc. acquired a new stake in Trupanion during the 3rd quarter worth approximately $535,000. GAMMA Investing LLC boosted its position in shares of Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider's stock worth $61,000 after buying an additional 596 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in shares of Trupanion during the third quarter worth about $248,000.
Trupanion Price Performance
The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -86.25 and a beta of 1.73. The company's fifty day moving average is $46.73 and its 200 day moving average is $35.87. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42.
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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