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

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three investment 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 brokers that have updated their coverage on the stock in the last year is $44.67.

A number of research firms recently weighed in on TRUP. Piper Sandler upped their target price on shares of Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Northland Securities increased their price objective on Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Bank of America upped 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.

Trupanion Stock Performance

NASDAQ TRUP traded down $0.68 during midday trading on Friday, hitting $52.73. The company had a trading volume of 319,665 shares, compared to its average volume of 670,087. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -164.78 and a beta of 1.60. 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 $52.33 and a two-hundred day simple moving average of $41.90. The company has a quick ratio of 1.66, a current 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 the consensus estimate of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. During the same quarter last year, the firm posted ($0.10) EPS. Trupanion's revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Trupanion will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In related news, CFO Fawwad Qureshi sold 622 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares in the company, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steve Weinrauch sold 11,916 shares of Trupanion stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the sale, the executive vice president now directly owns 48,978 shares in the company, valued at approximately $2,595,834. This represents a 19.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock worth $1,512,482 in the last 90 days. Insiders own 5.50% of the company's stock.

Hedge Funds Weigh In On Trupanion

Several institutional investors have recently bought and sold shares of TRUP. FMR LLC boosted its position in Trupanion by 55,963.7% during the third quarter. FMR LLC now owns 1,172,293 shares of the financial services provider's stock worth $49,213,000 after purchasing an additional 1,170,202 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Trupanion during the 2nd quarter valued at approximately $4,739,000. Wellington Management Group LLP boosted its holdings in Trupanion by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider's stock worth $142,475,000 after buying an additional 142,156 shares during the period. Hosking Partners LLP purchased a new position in Trupanion in the 2nd quarter valued at approximately $3,523,000. Finally, Marshall Wace LLP raised its holdings 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 during the period.

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.