Trupanion, Inc. (NASDAQ:TRUP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $46.60.

A number of research analysts have commented on the stock. Piper Sandler cut their target price on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. 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 note on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price objective 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.

Insider Activity

In related news, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.08, for a total transaction of $523,740.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

A number of large investors have recently made changes to their positions in TRUP. SBI Securities Co. Ltd. acquired a new stake in shares of Trupanion in the 4th quarter worth $25,000. Jones Financial Companies Lllp raised its stake in 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 buying an additional 238 shares during the last quarter. Quest Partners LLC purchased a new stake in Trupanion in the third quarter valued at about $37,000. Quarry LP acquired a new stake in Trupanion in the fourth quarter worth about $39,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Trupanion during the third quarter worth about $54,000.

Trupanion Stock Down 0.8 %

Shares of NASDAQ:TRUP opened at $33.84 on Thursday. The business’s 50 day moving average is $46.52 and its 200 day moving average is $47.92. The stock has a market cap of $1.43 billion, a P/E ratio of -147.13, a price-to-earnings-growth ratio of 6.02 and a beta of 1.60. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39.

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

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.