Trupanion, Inc. (NASDAQ:TRUP) Given Average Rating of "Moderate Buy" by Analysts

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.67.

Several research firms have recently issued reports on TRUP. Northland Securities upped their target price on Trupanion from $35.00 to $45.00 and gave the company a "market perform" rating in a report on Thursday, September 19th. Evercore ISI raised Trupanion to a "strong-buy" rating in a research report on Friday, August 9th. Bank of America raised their price target on Trupanion from $47.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Piper Sandler boosted their price objective on Trupanion from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus upped their price target on Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, September 23rd.

Insiders Place Their Bets

In other Trupanion news, 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 transaction of $27,596.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Fawwad Qureshi sold 640 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value 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 disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock valued at $405,238 in the last ninety days. Company insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new stake in shares of Trupanion during the 2nd quarter valued at about $294,000. AQR Capital Management LLC lifted its holdings in Trupanion by 173.8% in the second quarter. AQR Capital Management LLC now owns 43,553 shares of the financial services provider's stock worth $1,280,000 after buying an additional 27,644 shares during the period. Marshall Wace LLP boosted its position 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. Public Sector Pension Investment Board grew its holdings in shares of Trupanion by 7.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 79,555 shares of the financial services provider's stock worth $2,339,000 after acquiring an additional 5,405 shares during the period. Finally, Dalton Investments Inc. bought a new position in shares of Trupanion in the 2nd quarter worth approximately $1,029,000.

Trupanion Stock Down 1.7 %

NASDAQ TRUP traded down $0.72 on Monday, reaching $41.98. The company had a trading volume of 677,047 shares, compared to its average volume of 692,549. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The company's fifty day moving average is $41.43 and its 200 day moving average is $32.22. Trupanion has a 52-week low of $19.14 and a 52-week high of $49.14. The stock has a market capitalization of $1.76 billion, a P/E ratio of -65.59 and a beta of 1.74.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $314.80 million for the quarter, compared to analysts' expectations of $309.33 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 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) earnings per share. Sell-side analysts anticipate that Trupanion will post -0.34 earnings per share for the current fiscal year.

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.