Trupanion (NASDAQ:TRUP) Share Price Passes Above 50-Day Moving Average – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $23.99 and traded as high as $24.40. Trupanion shares last traded at $23.50, with a volume of 314,858 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald cut their price target on Trupanion from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Atlantic Securities set a $42.00 target price on shares of Trupanion in a research report on Wednesday, July 15th. Stifel Nicolaus set a $28.00 price objective on Trupanion in a report on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Finally, Bank of America lowered their price objective on Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.60.

Trupanion Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a 50 day moving average price of $23.99 and a 200-day moving average price of $26.88. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 39.83 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The business had revenue of $384.05 million during the quarter, compared to analysts’ expectations of $379.77 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Trupanion, Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 value of $137,005.86. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steve Weinrauch sold 6,674 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $22.00, for a total value of $146,828.00. Following the transaction, the executive vice president owned 78,062 shares of the company’s stock, valued at approximately $1,717,364. This represents a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,807 shares of company stock valued at $395,482 in the last three months. 5.58% of the stock is currently owned by insiders.

Institutional Trading of Trupanion

Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in shares of Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,722 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Trupanion in the fourth quarter valued at approximately $64,000. Kelleher Financial Advisors purchased a new stake in shares of Trupanion during the 3rd quarter worth $74,000. Advisory Services Network LLC acquired a new position in shares of Trupanion during the 3rd quarter worth about $160,000. Finally, Fifth Third Bancorp boosted its holdings in Trupanion by 2,911.1% in the first quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 7,336 shares in the last quarter.

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.