Stifel Nicolaus Lowers Trupanion (NASDAQ:TRUP) Price Target to $41.00

Trupanion (NASDAQ:TRUP) had its price objective lowered by Stifel Nicolaus from $44.00 to $41.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on TRUP. Piper Sandler cut their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday. Northland Securities increased their price objective on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.60.

Trupanion Stock Performance

Shares of TRUP stock opened at $35.40 on Thursday. The stock has a market cap of $1.50 billion, a P/E ratio of -110.63, a P/E/G ratio of 8.49 and a beta of 1.60. 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 company has a fifty day moving average price of $48.40 and a two-hundred day moving average price of $47.97. Trupanion has a one year low of $19.69 and a one year high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $337.31 million during the quarter, compared to analyst estimates of $335.41 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. As a group, equities analysts predict that Trupanion will post -0.2 EPS for the current year.

Insider Activity

In related news, SVP Emily Dreyer sold 900 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $54.55, for a total transaction of $49,095.00. Following the transaction, the senior vice president now directly owns 23,808 shares of the company’s stock, valued at approximately $1,298,726.40. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,581 shares of company stock valued at $615,159 over the last ninety days. 5.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently bought and sold shares of TRUP. Fernwood Investment Management LLC increased its position in Trupanion by 33.3% during the third quarter. Fernwood Investment Management LLC now owns 20,000 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 5,000 shares during the period. Hanseatic Management Services Inc. bought a new position in Trupanion during the third quarter worth about $538,000. Sigma Planning Corp bought a new position in Trupanion during the third quarter worth about $336,000. Entropy Technologies LP bought a new position in Trupanion during the third quarter worth about $202,000. Finally, GSA Capital Partners LLP increased its position in Trupanion by 51.3% during the third quarter. GSA Capital Partners LLP now owns 10,487 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 3,554 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.