Trupanion (NASDAQ:TRUP) Shares Gap Up - What's Next?

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $46.52, but opened at $49.18. Trupanion shares last traded at $46.90, with a volume of 74,849 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on Trupanion from $42.00 to $44.00 and gave the company a "hold" rating in a report on Monday, January 6th. Finally, Piper Sandler upgraded Trupanion from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trupanion has a consensus rating of "Moderate Buy" and a consensus price target of $45.33.

Trupanion Trading Up 1.3 %

The business's 50 day simple moving average is $50.60 and its two-hundred day simple moving average is $45.97. The stock has a market cap of $2.07 billion, a P/E ratio of -152.81, a PEG ratio of 8.11 and a beta of 1.61. 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 issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. Trupanion's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. As a group, analysts expect that Trupanion, Inc. will post -0.2 EPS for the current year.

Insider Activity at Trupanion

In other news, SVP Emily Dreyer sold 900 shares of Trupanion stock in a transaction on Monday, November 25th. The shares were sold at an average price of $54.55, for a total transaction of $49,095.00. Following the transaction, the senior vice president now owns 23,808 shares in the company, valued at approximately $1,298,726.40. The trade was a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the stock in a transaction on 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 owns 9,867 shares of the company's stock, valued at $519,102.87. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,597 shares of company stock worth $1,522,082 in the last quarter. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently made changes to their positions in TRUP. FMR LLC raised its position in shares of 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 acquiring an additional 1,170,202 shares during the last quarter. Renaissance Technologies LLC bought a new position in Trupanion during the 2nd quarter worth approximately $4,739,000. Marshall Wace LLP boosted its stake 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 purchasing an additional 116,496 shares during the last quarter. Barclays PLC boosted its stake in shares of Trupanion by 259.2% in the 3rd quarter. Barclays PLC now owns 65,498 shares of the financial services provider's stock valued at $2,750,000 after purchasing an additional 47,262 shares during the last quarter. Finally, OmniStar Financial Group Inc. acquired a new stake in shares of Trupanion during the third quarter worth $535,000.

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.