Stifel Nicolaus Lowers Trupanion (NASDAQ:TRUP) Price Target to $41.00

Trupanion (NASDAQ:TRUP - Get Free Report) had its price objective cut by analysts at Stifel Nicolaus from $44.00 to $41.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the financial services provider's stock. Stifel Nicolaus' price objective points to a potential upside of 24.43% from the stock's current price.

Other analysts have also issued research reports about the stock. Piper Sandler dropped their target price on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday. Northland Securities boosted 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.60.

Trupanion Price Performance

Shares of TRUP stock traded down $2.45 during mid-day trading on Thursday, hitting $32.95. 1,785,171 shares of the stock were exchanged, compared to its average volume of 558,345. The company has a market cap of $1.40 billion, a PE ratio of -143.26, a price-to-earnings-growth ratio of 6.02 and a beta of 1.60. The firm has a fifty day moving average of $47.64 and a 200 day moving average of $47.87. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90.

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 for the quarter, missing the consensus estimate 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 business had revenue of $337.31 million for the quarter, compared to analyst estimates of $335.41 million. Research analysts anticipate that Trupanion will post 0.13 earnings per share for the current year.

Insider Activity at Trupanion

In other news, CFO Fawwad Qureshi sold 622 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 in the company, valued at $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Dreyer sold 900 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $54.55, for a total value of $49,095.00. Following the transaction, the senior vice president now directly owns 23,808 shares in the company, valued at $1,298,726.40. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,581 shares of company stock valued at $615,159. Corporate insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds have recently modified their holdings of TRUP. Jones Financial Companies Lllp raised its stake in Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after purchasing an additional 238 shares during the period. GAMMA Investing LLC raised its position in shares of Trupanion by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider's stock valued at $82,000 after buying an additional 267 shares during the period. Coppell Advisory Solutions LLC grew its position in Trupanion by 58.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock worth $61,000 after acquiring an additional 460 shares during the period. SBI Securities Co. Ltd. purchased a new position in Trupanion in the fourth quarter worth approximately $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trupanion by 7.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider's stock worth $414,000 after acquiring an additional 671 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.