Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $46.60

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 company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $46.60.

A number of analysts have commented on TRUP shares. Stifel Nicolaus reduced their price objective on shares of Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Piper Sandler decreased their price objective on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th.

Insider Buying and Selling

In other Trupanion news, CEO Margaret Tooth sold 2,294 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $31.39, for a total value of $72,008.66. Following the completion of the sale, the chief executive officer now owns 118,784 shares in the company, valued at $3,728,629.76. This represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 1,373 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the transaction, the chief financial officer now owns 2,416 shares in the company, valued at approximately $82,675.52. This represents a 36.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,984 shares of company stock worth $999,042. 5.50% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in Trupanion in the third quarter worth approximately $261,000. Mutual of America Capital Management LLC bought a new stake in Trupanion in the third quarter worth approximately $210,000. Quest Partners LLC acquired a new position in shares of Trupanion during the 3rd quarter worth $37,000. Intech Investment Management LLC increased its stake in shares of Trupanion by 73.6% during the 3rd quarter. Intech Investment Management LLC now owns 17,208 shares of the financial services provider's stock worth $722,000 after purchasing an additional 7,298 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Trupanion during the 3rd quarter valued at $698,000.

Trupanion Price Performance

Shares of NASDAQ TRUP traded up $0.33 during trading on Monday, hitting $38.23. The company had a trading volume of 380,261 shares, compared to its average volume of 635,422. Trupanion has a 52 week low of $19.69 and a 52 week high of $57.90. The business's 50-day moving average is $41.23 and its 200 day moving average is $46.61. The company has a market cap of $1.62 billion, a P/E ratio of -166.22, a PEG ratio of 6.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The company had revenue of $337.31 million for the quarter, compared to analyst estimates of $335.41 million. Equities research analysts predict that Trupanion will post 0.13 earnings per share for the current fiscal year.

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.