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

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.33.

TRUP has been the topic of several research reports. Stifel Nicolaus increased their target price on Trupanion from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Monday. Northland Securities increased their target price on shares of Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. 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. Finally, Piper Sandler raised their target price on shares of Trupanion from $45.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st.

Trupanion Trading Down 1.9 %

TRUP traded down $0.89 during midday trading on Wednesday, hitting $46.58. The company's stock had a trading volume of 980,848 shares, compared to its average volume of 751,670. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The firm has a 50-day moving average price of $51.98 and a two-hundred day moving average price of $44.71. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.97 billion, a P/E ratio of -145.56 and a beta of 1.61.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its 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 net margin of 1.08% and a negative return on equity of 4.36%. Trupanion's revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. On average, research analysts anticipate that Trupanion will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares of the company's stock, valued at approximately $1,355,233.80. This trade represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the sale, the chief financial officer now directly owns 9,867 shares of the company's stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,597 shares of company stock worth $1,522,082 in the last quarter. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TRUP. FMR LLC raised its position in shares of Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider's stock valued at $49,213,000 after acquiring an additional 1,170,202 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Trupanion in the 2nd quarter worth about $4,739,000. Marshall Wace LLP boosted its holdings in shares of Trupanion by 11.9% in 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 buying an additional 116,496 shares during the period. Connors Investor Services Inc. boosted its holdings in shares of Trupanion by 31.3% in the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider's stock valued at $3,339,000 after buying an additional 27,042 shares during the period. Finally, Dalton Investments Inc. bought a new stake in shares of Trupanion during the 2nd quarter valued at about $1,029,000.

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.