Trupanion (NASDAQ:TRUP) Shares Gap Down After Earnings Miss

Trupanion, Inc. (NASDAQ:TRUP) shares gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $47.51, but opened at $40.45. Trupanion shares last traded at $37.62, with a volume of 523,279 shares changing hands.

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 return on equity of 4.36% and a negative net margin of 1.08%. The business had revenue of $337.31 million during the quarter, compared to the consensus estimate of $335.41 million.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRUP. Stifel Nicolaus boosted their target price on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Piper Sandler dropped their price objective on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, 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, October 31st. Two 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Insider Activity

In other news, SVP Emily Dreyer sold 900 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 23,808 shares of the company’s stock, valued at approximately $1,298,726.40. This represents a 3.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the business’s 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 directly owns 9,867 shares in the company, valued at approximately $519,102.87. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,681 shares of company stock worth $785,194. 5.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Trupanion

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in shares of Trupanion by 71.7% in the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. GAMMA Investing LLC grew its holdings in Trupanion by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 267 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of Trupanion by 58.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 460 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Trupanion in the 4th quarter valued at $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 purchasing an additional 671 shares during the period.

Trupanion Stock Down 20.4 %

The business has a fifty day moving average of $48.54 and a 200 day moving average of $47.98. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.60 billion, a P/E ratio of -117.09, a P/E/G ratio of 8.49 and a beta of 1.60.

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.