Trupanion (NASDAQ:TRUP) Price Target Raised to $29.00

Trupanion (NASDAQ:TRUP) had its price objective hoisted by Stifel Nicolaus from $28.00 to $29.00 in a report issued on Thursday morning, MarketBeat.com reports. They currently have a hold rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Zacks Research upgraded Trupanion from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Atlantic Securities set a $42.00 target price on Trupanion in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.80.

Trupanion Price Performance

Trupanion stock opened at $31.10 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $26.32 and a 200 day moving average price of $26.06. Trupanion has a 12-month low of $21.16 and a 12-month high of $48.48. The stock has a market cap of $1.36 billion, a P/E ratio of 58.68, a PEG ratio of 2.10 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The company had revenue of $392.93 million for the quarter, compared to analyst estimates of $389.72 million. During the same period in the previous year, the business posted $0.22 EPS. Trupanion’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Trupanion will post 0.63 earnings per share for the current year.

Insider Activity at Trupanion

In related news, COO John R. Gallagher sold 3,603 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.69, for a total transaction of $78,149.07. Following the completion of the transaction, the chief operating officer owned 33,065 shares of the company’s stock, valued at approximately $717,179.85. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Fawwad Qureshi sold 6,177 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total transaction of $137,005.86. Following the transaction, the chief financial officer directly owned 2,081 shares of the company’s stock, valued at $46,156.58. The trade was a 74.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 18,785 shares of company stock valued at $422,862. 5.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Trupanion in the 2nd quarter valued at $134,774,000. Polar Capital Holdings Plc boosted its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock valued at $55,121,000 after acquiring an additional 175,000 shares during the period. State Street Corp boosted its holdings in Trupanion by 2.2% during the 4th quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock valued at $48,244,000 after acquiring an additional 27,385 shares during the period. Marshall Wace LLP grew its position in Trupanion by 4.5% in the 4th quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock valued at $47,358,000 after acquiring an additional 55,111 shares in the last quarter. Finally, Greenlea Lane Capital Management LLC grew its position in Trupanion by 1.6% in the 4th quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock valued at $29,017,000 after acquiring an additional 12,395 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.