Trupanion (NASDAQ:TRUP) Shares Up 8% – Still a Buy?

Trupanion, Inc. (NASDAQ:TRUP)’s stock price rose 8% during mid-day trading on Wednesday . The company traded as high as $35.63 and last traded at $35.54. Approximately 114,090 shares traded hands during trading, a decline of 82% from the average daily volume of 650,629 shares. The stock had previously closed at $32.91.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler decreased their price target on Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Trupanion Trading Up 4.4 %

The stock has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $45.98. 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 cap of $1.46 billion, a PE ratio of -149.30, a price-to-earnings-growth ratio of 6.02 and a beta of 1.66.

Trupanion (NASDAQ:TRUP) last announced its earnings results 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 firm had revenue of $337.31 million during the quarter, compared to analysts’ expectations of $335.41 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. As a group, sell-side analysts anticipate that Trupanion, Inc. will post 0.13 EPS for the current year.

Insider Activity

In related news, insider Brenna Mcgibney sold 5,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.99, for a total value of $164,950.00. Following the sale, the insider now directly owns 3,738 shares of the company’s stock, valued at $123,316.62. This represents a 57.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Emily Dreyer sold 14,025 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the transaction, the senior vice president now directly owns 27,645 shares in the company, valued at approximately $895,974.45. This represents a 33.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,792 shares of company stock worth $989,442 over the last quarter. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its holdings in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. GAMMA Investing LLC increased its position in Trupanion by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 267 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of Trupanion by 58.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 460 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Trupanion in the 4th quarter worth approximately $25,000. Finally, Swiss National Bank increased its holdings in Trupanion by 1.1% during the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider’s stock valued at $3,196,000 after buying an additional 700 shares during the period.

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.