Trupanion, Inc. (NASDAQ:TRUP) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Trupanion, with five holds and one buy among six brokerages. The average 12-month price target is $39.20, though some firms recently lowered their ratings and targets.
• Trupanion reported quarterly revenue of $392.93 million, up 11.1% year over year, and earnings of $0.16 per share—beating the $0.11 consensus estimate.
• The stock opened at $23.27, near its 52-week low of $21.16 and well below its $46.98 high. Company insiders sold 12,615 shares worth approximately $370,284 over the past three months, while BlackRock acquired a new stake valued at about $134.8 million.

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $39.20.

A number of brokerages have recently commented on TRUP. Weiss Ratings lowered Trupanion from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 10th. Atlantic Securities set a $42.00 target price on Trupanion in a research report on Wednesday, July 15th. Zacks Research downgraded Trupanion from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 24th. Stifel Nicolaus lifted their price objective on shares of Trupanion from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, August 20th. Finally, Piper Sandler lowered shares of Trupanion from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 6,111 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total transaction of $183,391.11. Following the sale, the chief financial officer directly owned 4,230 shares of the company's stock, valued at $126,942.30. The trade was a 59.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Gallagher sold 3,604 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the transaction, the chief operating officer owned 33,742 shares of the company's stock, valued at approximately $1,002,137.40. This represents a 9.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,615 shares of company stock worth $370,284. Insiders own 5.58% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Trupanion in the 2nd quarter valued at approximately $134,774,000. Polar Capital Holdings Plc increased its holdings in Trupanion by 13.5% during the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider's stock worth $55,121,000 after buying an additional 175,000 shares during the last quarter. Greenlea Lane Capital Management LLC increased its holdings in Trupanion by 1.6% during the fourth quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider's stock worth $29,017,000 after buying an additional 12,395 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Trupanion by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider's stock worth $17,981,000 after acquiring an additional 95,064 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Trupanion during the second quarter worth $14,262,000.

Trupanion Price Performance

Shares of TRUP opened at $23.27 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1.02 billion, a PE ratio of 43.91, a P/E/G ratio of 1.57 and a beta of 1.45. The stock has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $25.58. Trupanion has a 52-week low of $21.16 and a 52-week high of $46.98.

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

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical coverage for cats and dogs. Its subscription-based policies are designed to help pet owners manage the cost of eligible veterinary care, including coverage for unexpected illnesses and injuries. Depending on the policy and jurisdiction, coverage may include diagnostic tests, surgeries, hospital stays and prescription medications, subject to applicable terms, exclusions and deductibles.

The company also develops technology intended to simplify the relationship between pet owners, veterinarians and insurers.

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