Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $45.33

Shares of Trupanion, Inc. (NASDAQ:TRUP) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $45.33.

A number of equities analysts have issued reports on TRUP shares. Piper Sandler raised their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Bank of America raised their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Stifel Nicolaus raised their target price on Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, Northland Securities raised their target price on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st.

Trupanion Stock Performance

Trupanion stock opened at $43.95 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a fifty day moving average price of $51.43 and a two-hundred day moving average price of $45.07. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The firm has a market capitalization of $1.86 billion, a P/E ratio of -137.34 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, analysts anticipate that Trupanion will post -0.23 EPS for the current fiscal year.

Insider Activity

In other news, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares in the company, valued at $1,355,233.80. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction that occurred 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. Insiders have sold 28,597 shares of company stock worth $1,522,082 in the last 90 days. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently bought and sold shares of TRUP. Texas Permanent School Fund Corp raised its position in Trupanion by 17.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 36,651 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 5,382 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Trupanion in the 2nd quarter valued at approximately $162,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Trupanion during the 2nd quarter worth approximately $235,000. WINTON GROUP Ltd increased its position in shares of Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 685 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Trupanion by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider’s stock worth $4,052,000 after purchasing an additional 26,941 shares during the last quarter.

About Trupanion

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.