Trupanion, Inc. (NASDAQ:TRUP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.83.

TRUP has been the topic of a number of recent research reports. William Blair started coverage on Trupanion in a report on Friday, July 19th. They set an "outperform" rating on the stock. 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 report on Monday, September 23rd. Bank of America raised their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Piper Sandler upped their target price on shares of Trupanion from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Finally, Evercore ISI raised shares of Trupanion to a "strong-buy" rating in a report on Friday, August 9th.

Trupanion Stock Performance

Trupanion stock traded up $0.54 during midday trading on Friday, reaching $53.61. The stock had a trading volume of 302,942 shares, compared to its average volume of 680,235. The firm has a market capitalization of $2.25 billion, a PE ratio of -83.77 and a beta of 1.73. Trupanion has a 12 month low of $19.14 and a 12 month high of $55.74. 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 firm's 50-day moving average price is $46.12 and its 200 day moving average price is $35.18.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The company had revenue of $314.80 million for the quarter, compared to analyst estimates of $309.33 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The company's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, research analysts predict that Trupanion will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 640 shares of the company's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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 three months. 5.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Trupanion

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Trupanion by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider's stock worth $101,433,000 after acquiring an additional 32,485 shares during the last quarter. 8 Knots Management LLC grew its holdings in shares of Trupanion by 87.0% in the first 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 during the last quarter. Marshall Wace LLP increased its stake in shares of Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider's stock worth $32,181,000 after buying an additional 116,496 shares during the period. Renaissance Technologies LLC bought a new stake in Trupanion during the 2nd quarter valued at $4,739,000. Finally, Dimensional Fund Advisors LP raised its holdings in Trupanion by 24.3% during the 2nd 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 last quarter.

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.