Stifel Nicolaus Forecasts Strong Price Appreciation for Trupanion (NASDAQ:TRUP) Stock

Trupanion (NASDAQ:TRUP - Free Report) had its target price hoisted by Stifel Nicolaus from $42.00 to $44.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the financial services provider's stock.

A number of other brokerages have also recently weighed in on TRUP. Bank of America lifted their price target 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 price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Northland Securities raised 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, October 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $45.33.

Trupanion Trading Down 1.7 %

Shares of TRUP traded down $0.86 during mid-day trading on Monday, reaching $48.72. The company had a trading volume of 1,076,315 shares, compared to its average volume of 721,405. Trupanion has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The firm has a fifty day simple moving average of $52.21 and a 200-day simple moving average of $44.42. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -152.25 and a beta of 1.61. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, sell-side analysts anticipate that Trupanion will post -0.23 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other news, EVP Steve Weinrauch sold 11,916 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the sale, the executive vice president now owns 48,978 shares of the company's stock, valued at approximately $2,595,834. The trade was a 19.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murray B. Low sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,597 shares of company stock valued at $1,522,082. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Trupanion

Several institutional investors and hedge funds have recently bought and sold shares of TRUP. GAMMA Investing LLC grew its position in shares of Trupanion by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider's stock worth $82,000 after acquiring an additional 267 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Trupanion by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider's stock worth $1,189,000 after purchasing an additional 738 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Trupanion during the third quarter valued at $54,000. Barclays PLC raised its holdings in shares of Trupanion by 259.2% during the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider's stock worth $2,750,000 after purchasing an additional 47,262 shares during the period. Finally, DF Dent & Co. Inc. lifted its position in shares of Trupanion by 27.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider's stock worth $15,443,000 after buying an additional 80,014 shares during the last quarter.

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.