Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Target Price at $41.83

by · The Cerbat Gem

Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $44.67.

Several analysts recently weighed in on the company. William Blair initiated coverage on Trupanion in a report on Friday, July 19th. They set an “outperform” rating on the stock. Northland Securities increased their target price on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Bank of America increased their price objective on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research report on Friday, August 9th.

View Our Latest Report on Trupanion

Insider Buying and Selling at Trupanion

In other news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Insiders sold a total of 8,764 shares of company stock valued at $405,238 in the last three months. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Trupanion by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock worth $101,433,000 after buying an additional 32,485 shares in the last quarter. 8 Knots Management LLC raised its position in shares of Trupanion by 87.0% in the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock worth $35,824,000 after acquiring an additional 603,775 shares in the last quarter. Marshall Wace LLP raised its position 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 worth $32,181,000 after acquiring an additional 116,496 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Trupanion during the 2nd quarter worth $4,739,000. Finally, Dimensional Fund Advisors LP boosted its position in Trupanion by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider’s stock valued at $4,052,000 after purchasing an additional 26,941 shares in the last quarter.

Trupanion Stock Performance

Shares of NASDAQ:TRUP opened at $54.78 on Friday. The firm has a fifty day simple moving average of $46.92 and a two-hundred day simple moving average of $36.00. Trupanion has a 52 week low of $19.14 and a 52 week high of $57.90. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.31 billion, a P/E ratio of -171.19 and a beta of 1.73.

Trupanion (NASDAQ:TRUP – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the business posted ($0.10) earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, analysts expect that Trupanion will post -0.34 earnings per share for the current fiscal year.

About Trupanion

(Get Free Report

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.

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