Trupanion, Inc. (NASDAQ:TRUP) Stock Has Average Target Price of $38.40

Key Points

• Analysts maintain a “Hold” consensus on Trupanion, with five hold ratings and one buy rating; the average 12-month price target is $38.40.
• Trupanion reported quarterly EPS of $0.16, beating estimates of $0.11, while revenue rose 11.1% year over year to $392.93 million.
• The stock opened at $29.32, below the consensus target, while company insiders sold 14,046 shares worth approximately $406,000 over the past 90 days; several institutional investors modestly increased their holdings.

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $38.40.

TRUP has been the subject of several research analyst reports. Weiss Ratings upgraded Trupanion from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 29th. Cantor Fitzgerald cut their target price on shares of Trupanion from $34.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 7th. Stifel Nicolaus raised their target price on Trupanion from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 20th. Piper Sandler cut shares of Trupanion from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. Finally, Atlantic Securities set a $42.00 price objective on shares of Trupanion in a research report on Wednesday, July 15th.

Insider Activity

In other news, CFO Fawwad Qureshi sold 6,111 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total value of $183,391.11. Following the completion of the transaction, the chief financial officer directly owned 4,230 shares in the company, valued at approximately $126,942.30. The trade was a 59.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,604 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the sale, the chief operating officer owned 33,742 shares in the company, valued at $1,002,137.40. This represents a 9.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,046 shares of company stock valued at $406,002. 5.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

Large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC grew its position in shares of Trupanion by 4.0% in the third quarter. Yousif Capital Management LLC now owns 9,328 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 356 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Trupanion by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 17,819 shares of the financial services provider's stock valued at $456,000 after purchasing an additional 406 shares during the period. Squarepoint Ops LLC increased its stake in Trupanion by 0.7% in the 2nd quarter. Squarepoint Ops LLC now owns 71,382 shares of the financial services provider's stock worth $1,768,000 after acquiring an additional 482 shares during the last quarter. Arizona State Retirement System increased its stake in Trupanion by 7.7% in the 2nd quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider's stock worth $237,000 after acquiring an additional 688 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Trupanion by 843.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,123 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,004 shares in the last quarter.

Trupanion Stock Down 2.0%

TRUP stock opened at $29.32 on Friday. The business's 50-day simple moving average is $26.90 and its 200 day simple moving average is $25.66. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.29 billion, a PE ratio of 55.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.44. Trupanion has a twelve month low of $21.16 and a twelve month high of $46.98.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.05. The company had revenue of $392.93 million during the quarter, compared to analysts' expectations of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. On average, research analysts anticipate that Trupanion will post 0.63 earnings per share for the current year.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.

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