Cantor Fitzgerald Upgrades Trupanion (NASDAQ:TRUP) to "Hold"

Key Points

• Cantor Fitzgerald has upgraded Trupanion (NASDAQ:TRUP) to a "hold" rating, reflecting a shift in sentiment towards the stock.
• Three investment analysts rated Trupanion with a "hold," while three others rated it as a "buy," giving it a consensus rating of "Moderate Buy" and a price target of $54.17.
• Trupanion reported a 12.3% year-over-year revenue growth in its latest quarter, exceeding analysts' earnings expectations with an EPS of $0.22.

Trupanion (NASDAQ:TRUP - Get Free Report) was upgraded by Cantor Fitzgerald to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Lake Street Capital cut their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Piper Sandler set a $67.00 price target on shares of Trupanion and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Trupanion from $41.00 to $45.00 and gave the company a "hold" rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

Trupanion Trading Down 0.4%

Shares of NASDAQ TRUP opened at $50.46 on Wednesday. Trupanion has a 1-year low of $31.00 and a 1-year high of $57.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.69. The business's 50 day moving average is $51.24 and its two-hundred day moving average is $44.07. The stock has a market capitalization of $2.17 billion, a P/E ratio of 194.08 and a beta of 1.78.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.25. The firm had revenue of $353.56 million during the quarter, compared to analysts' expectations of $346.73 million. Trupanion had a return on equity of 3.31% and a net margin of 0.81%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. As a group, research analysts expect that Trupanion will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $48.31, for a total transaction of $122,417.54. Following the completion of the sale, the chief financial officer directly owned 3,545 shares in the company, valued at approximately $171,258.95. This trade represents a 41.68% decrease in their ownership of the stock. 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 4,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total transaction of $183,440.00. Following the sale, the chief executive officer directly owned 118,784 shares of the company's stock, valued at $5,447,434.24. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,562 shares of company stock worth $544,870 over the last quarter. Company insiders own 5.42% of the company's stock.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently added to or reduced their stakes in TRUP. Quarry LP bought a new stake in shares of Trupanion during the fourth quarter valued at approximately $39,000. AlphaQuest LLC raised its position in Trupanion by 940.6% during the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 950 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Trupanion by 44.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 300 shares in the last quarter. Coppell Advisory Solutions LLC lifted 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 worth $61,000 after buying an additional 460 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Trupanion by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after buying an additional 235 shares in 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.

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