Trupanion (NASDAQ:TRUP) Trading Up 7.6% – What’s Next?

Trupanion, Inc. (NASDAQ:TRUP) shares traded up 7.6% during trading on Monday . The stock traded as high as $29.07 and last traded at $29.05. 865,929 shares traded hands during trading, an increase of 102% from the average daily volume of 428,661 shares. The stock had previously closed at $26.99.

Analysts Set New Price Targets

TRUP has been the topic of several research reports. Zacks Research raised Trupanion from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Stifel Nicolaus set a $28.00 price target on Trupanion in a report on Friday, June 26th. Bank of America reduced their price objective on Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Finally, Atlantic Securities set a $42.00 price objective on Trupanion in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Trupanion Trading Up 7.4%

The company has a 50-day moving average of $24.72 and a 200 day moving average of $26.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $1.27 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $392.93 million for the quarter, compared to the consensus estimate of $389.72 million. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts predict that Trupanion, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the transaction, the executive vice president owned 78,062 shares in the company, valued at $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Fawwad Qureshi sold 6,177 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total transaction of $137,005.86. Following the completion of the sale, the chief financial officer directly owned 2,081 shares in the company, valued at approximately $46,156.58. This represents a 74.80% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 17,807 shares of company stock worth $394,452. Company insiders own 5.58% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of large investors have recently made changes to their positions in TRUP. Renaissancere Holdings Ltd. bought a new position in Trupanion during the 2nd quarter valued at about $6,514,510,000. BlackRock Inc. bought a new stake in Trupanion in the second quarter worth about $134,774,000. Deutsche Bank AG bought a new stake in Trupanion in the second quarter worth about $1,839,000. Bank of New York Mellon Corp purchased a new position in shares of Trupanion during the second quarter valued at approximately $4,631,000. Finally, State of Wyoming purchased a new position in shares of Trupanion during the second quarter valued at approximately $452,000.

Trupanion Company Profile

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.