Trupanion (NASDAQ:TRUP) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Trupanion (NASDAQ:TRUP - Free Report) from a neutral rating to an overweight rating in a research report report published on Thursday, Marketbeat.com reports. The brokerage currently has $57.00 price objective on the financial services provider's stock.

Other equities research analysts have also issued reports about the company. Northland Securities increased their price target on Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their target price on Trupanion from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Monday, January 6th. 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. Based on data from MarketBeat, Trupanion presently has an average rating of "Moderate Buy" and an average target price of $45.33.

Trupanion Price Performance

Trupanion stock traded up $1.80 during mid-day trading on Thursday, hitting $48.32. 427,440 shares of the company were exchanged, compared to its average volume of 593,263. The company has a market capitalization of $2.05 billion, a PE ratio of -150.22, a price-to-earnings-growth ratio of 8.27 and a beta of 1.61. The business has a fifty day moving average of $50.68 and a 200 day moving average of $45.95. Trupanion has a 1-year low of $19.69 and a 1-year high of $57.90. 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 announced 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. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS. As a group, sell-side analysts expect that Trupanion will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Fawwad Qureshi sold 622 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Murray B. Low sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the transaction, the director now directly owns 131,513 shares in the company, valued at approximately $6,926,789.71. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,597 shares of company stock valued at $1,522,082. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Trupanion

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Trupanion by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trupanion by 7.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider's stock valued at $414,000 after buying an additional 671 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Trupanion by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider's stock worth $1,189,000 after buying an additional 738 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Trupanion during the 3rd quarter worth about $37,000. Finally, Check Capital Management Inc. CA grew its holdings in shares of Trupanion by 2.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider's stock valued at $1,740,000 after acquiring an additional 1,100 shares in the last quarter.

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.