Trupanion (NASDAQ:TRUP) Trading 8% Higher - Here's Why

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) traded up 8% on Wednesday . The company traded as high as $35.63 and last traded at $35.54. 114,090 shares were traded during trading, a decline of 82% from the average session volume of 650,629 shares. The stock had previously closed at $32.91.

Wall Street Analyst Weigh In

TRUP has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Piper Sandler lowered their price objective on Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Two 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.60.

Trupanion Stock Down 0.5 %

The company has a market cap of $1.51 billion, a price-to-earnings ratio of -154.13, a PEG ratio of 6.02 and a beta of 1.66. The business has a fifty day moving average of $37.85 and a two-hundred day moving average of $45.82. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The business had revenue of $337.31 million during the quarter, compared to analysts' expectations of $335.41 million. As a group, equities analysts anticipate that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

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Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the transaction, the chief financial officer now directly owns 2,416 shares of the company's stock, valued at approximately $82,675.52. This represents a 36.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Emily Dreyer sold 14,025 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the transaction, the senior vice president now owns 27,645 shares in the company, valued at $895,974.45. The trade was a 33.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,792 shares of company stock valued at $989,442 over the last ninety days. 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. SBI Securities Co. Ltd. acquired a new position in Trupanion during the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its stake in Trupanion by 71.7% in the 4th 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 in the last quarter. Quarry LP acquired a new position in shares of Trupanion during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trupanion in the third quarter valued at approximately $54,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Trupanion by 988.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 1,028 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.