Trupanion (NASDAQ:TRUP) Given New $41.00 Price Target at Stifel Nicolaus

Trupanion (NASDAQ:TRUP) had its price objective reduced by Stifel Nicolaus from $44.00 to $41.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Northland Securities boosted their price target on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Piper Sandler reduced their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.60.

Trupanion Price Performance

Shares of Trupanion stock opened at $35.40 on Thursday. The firm has a market cap of $1.50 billion, a P/E ratio of -110.63, a price-to-earnings-growth ratio of 8.49 and a beta of 1.60. Trupanion has a twelve month low of $19.69 and a twelve month high of $57.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50-day simple moving average is $48.40 and its 200-day simple moving average is $47.97.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results 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). The firm had revenue of $337.31 million during the quarter, compared to analyst estimates of $335.41 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. As a group, research analysts expect that Trupanion will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, SVP Emily Dreyer sold 900 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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. The trade was a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the transaction, the chief financial officer now directly owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,581 shares of company stock valued at $615,159. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion during the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp raised its stake in shares of Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after buying an additional 238 shares during the last quarter. Quarry LP bought a new stake in shares of Trupanion during the fourth quarter worth approximately $39,000. Quest Partners LLC bought a new stake in shares of Trupanion during the third quarter worth approximately $37,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Trupanion by 988.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock worth $55,000 after buying 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.