Trupanion (NASDAQ:TRUP) Trading 8% Higher – What’s Next?

Trupanion, Inc. (NASDAQ:TRUP) shot up 8% during trading on Wednesday . The stock traded as high as $35.63 and last traded at $35.54. 114,090 shares traded hands during trading, a decline of 82% from the average session volume of 650,629 shares. The stock had previously closed at $32.91.

Analyst Upgrades and Downgrades

TRUP has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Piper Sandler reduced their price objective on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

Trupanion Stock Up 1.9 %

The company’s 50 day simple moving average is $38.09 and its 200-day simple moving average is $45.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. The firm has a market capitalization of $1.51 billion, a PE ratio of -154.87, a PEG ratio of 6.02 and a beta of 1.66.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $337.31 million for the quarter, compared to the consensus estimate of $335.41 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. On average, analysts forecast that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other news, CFO Fawwad Qureshi sold 1,373 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the transaction, the chief financial officer now directly owns 2,416 shares in the company, valued at approximately $82,675.52. This represents a 36.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret Tooth sold 2,294 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $31.39, for a total value of $72,008.66. Following the transaction, the chief executive officer now owns 118,784 shares in the company, valued at $3,728,629.76. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,792 shares of company stock valued at $989,442. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TRUP. Vanguard Group Inc. grew its holdings in shares of Trupanion by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider’s stock valued at $173,362,000 after purchasing an additional 45,653 shares during the last quarter. Marshall Wace LLP boosted its position in Trupanion by 6.9% during the fourth quarter. Marshall Wace LLP now owns 901,645 shares of the financial services provider’s stock valued at $43,459,000 after buying an additional 57,804 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Trupanion by 368.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider’s stock valued at $40,548,000 after buying an additional 661,559 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Trupanion by 26.6% in the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock worth $33,806,000 after buying an additional 147,341 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Trupanion by 9.0% in the 4th quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider’s stock valued at $17,749,000 after acquiring an additional 30,549 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.