GAMMA Investing LLC Raises Holdings in Trupanion, Inc. (NASDAQ:TRUP)

GAMMA Investing LLC grew its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 3,474.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,086 shares of the financial services provider's stock after buying an additional 59,377 shares during the period. GAMMA Investing LLC owned 0.14% of Trupanion worth $2,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted 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 acquiring an additional 238 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position 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 purchasing an additional 460 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Trupanion during the 4th quarter worth $25,000. Swiss National Bank increased its position in Trupanion by 1.1% during the 4th quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock valued at $3,196,000 after buying an additional 700 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Trupanion by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,745 shares of the financial services provider's stock valued at $904,000 after buying an additional 717 shares in the last quarter.

Trupanion Stock Performance

NASDAQ TRUP traded up $0.15 during trading hours on Tuesday, reaching $53.04. The stock had a trading volume of 625,095 shares, compared to its average volume of 610,962. Trupanion, Inc. has a 52-week low of $26.27 and a 52-week high of $57.90. The stock has a fifty day moving average of $43.35 and a 200 day moving average of $43.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $2.27 billion, a P/E ratio of -530.35 and a beta of 1.81.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $341.98 million for the quarter, compared to the consensus estimate of $337.81 million. Trupanion had a negative net margin of 0.32% and a negative return on equity of 1.33%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS. Sell-side analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Piper Sandler cut their price target on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Lake Street Capital lowered their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trupanion currently has a consensus rating of "Moderate Buy" and an average price target of $51.80.

Insiders Place Their Bets

In related news, CEO Margaret Tooth sold 4,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $33.34, for a total transaction of $133,360.00. Following the sale, the chief executive officer now owns 118,784 shares in the company, valued at approximately $3,960,258.56. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 828 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $45.53, for a total value of $37,698.84. Following the sale, the chief financial officer now owns 6,079 shares in the company, valued at $276,776.87. This trade represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,562 shares of company stock valued at $826,910. Company insiders own 5.42% of the company's stock.

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.