Trupanion (NASDAQ:TRUP) Upgraded at Zacks Research

Trupanion (NASDAQ:TRUP) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms also recently issued reports on TRUP. Stifel Nicolaus dropped their price target on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 29th. Piper Sandler reduced their price target on Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. Finally, Wall Street Zen cut Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trupanion has an average rating of “Moderate Buy” and an average price target of $52.25.

Trupanion Stock Performance

Shares of TRUP stock opened at $35.78 on Tuesday. The business’s 50-day moving average price is $37.41 and its 200-day moving average price is $43.67. Trupanion has a 12 month low of $31.00 and a 12 month high of $57.88. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 99.39 and a beta of 1.58. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The firm had revenue of $366.92 million during the quarter, compared to analyst estimates of $361.58 million. During the same period in the prior year, the company earned $0.03 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Trupanion will post 0.13 EPS for the current year.

Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 6,202 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total transaction of $219,860.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John R. Gallagher sold 6,383 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at $1,139,345.22. This represents a 16.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,307 shares of company stock valued at $1,556,742. 5.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trupanion

A number of institutional investors and hedge funds have recently modified their holdings of TRUP. JPMorgan Chase & Co. grew its position in Trupanion by 66.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 161,781 shares of the financial services provider’s stock valued at $8,955,000 after purchasing an additional 64,704 shares during the period. Kopion Asset Management LLC lifted its stake in shares of Trupanion by 20.8% in the third quarter. Kopion Asset Management LLC now owns 264,603 shares of the financial services provider’s stock valued at $11,452,000 after buying an additional 45,594 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Trupanion in the second quarter valued at $612,000. State of Alaska Department of Revenue grew its holdings in shares of Trupanion by 8.8% during the second quarter. State of Alaska Department of Revenue now owns 20,124 shares of the financial services provider’s stock valued at $1,112,000 after buying an additional 1,623 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of Trupanion by 111.7% during the second quarter. Texas Permanent School Fund Corp now owns 63,468 shares of the financial services provider’s stock worth $3,513,000 after acquiring an additional 33,483 shares in the last quarter.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.