Bayforest Capital Ltd Purchases 24,545 Shares of Trupanion, Inc. $TRUP

Key Points

• Bayforest Capital Ltd significantly increased its stake in Trupanion, Inc. by 627.4% during Q1, acquiring a total of 28,457 shares valued at approximately $1,061,000.
• Trupanion reported better-than-expected quarterly earnings, with an EPS of $0.22 compared to analysts' estimates of ($0.03), and revenue of $353.56 million, a 12.3% increase year-over-year.
• Analysts have a "Moderate Buy" rating for Trupanion, with an average price target of $54.17, indicating potential for growth in the stock's value.

Bayforest Capital Ltd lifted its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 627.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,457 shares of the financial services provider's stock after purchasing an additional 24,545 shares during the quarter. Trupanion accounts for 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 28th largest position. Bayforest Capital Ltd owned about 0.07% of Trupanion worth $1,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TRUP. Price T Rowe Associates Inc. MD grew its position in Trupanion by 20.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,974 shares of the financial services provider's stock valued at $626,000 after acquiring an additional 2,202 shares during the period. The Manufacturers Life Insurance Company grew its position in Trupanion by 6.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,637 shares of the financial services provider's stock valued at $802,000 after acquiring an additional 962 shares during the period. Northern Trust Corp grew its position in Trupanion by 9.0% in the fourth quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider's stock valued at $17,749,000 after acquiring an additional 30,549 shares during the period. Algert Global LLC bought a new stake in Trupanion in the fourth quarter valued at $637,000. Finally, Deutsche Bank AG grew its position in Trupanion by 119.4% in the fourth quarter. Deutsche Bank AG now owns 134,546 shares of the financial services provider's stock valued at $6,485,000 after acquiring an additional 73,227 shares during the period.

Analysts Set New Price Targets

TRUP has been the topic of a number of analyst reports. Cantor Fitzgerald upgraded Trupanion to a "hold" rating in a research report on Wednesday, August 13th. Piper Sandler upped their price target on Trupanion from $62.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus increased their target price on Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

Insider Activity

In related news, Director Darryl Rawlings sold 30,369 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $44.70, for a total value of $1,357,494.30. Following the transaction, the director owned 1,413,281 shares in the company, valued at $63,173,660.70. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 2,800 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total value of $127,568.00. Following the completion of the transaction, the chief financial officer owned 6,451 shares in the company, valued at approximately $293,907.56. This represents a 30.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,800 shares of company stock worth $2,364,335. 5.42% of the stock is owned by company insiders.

Trupanion Price Performance

Shares of TRUP stock traded up $0.04 during trading hours on Friday, hitting $43.50. 388,500 shares of the company's stock were exchanged, compared to its average volume of 587,329. The stock's 50-day moving average is $48.00 and its 200-day moving average is $44.18. 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 stock has a market cap of $1.87 billion, a price-to-earnings ratio of 167.31 and a beta of 1.72. Trupanion, Inc. has a 52 week low of $31.00 and a 52 week high of $57.90.

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 the consensus estimate of ($0.03) by $0.25. The company had revenue of $353.56 million for 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 business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Trupanion, Inc. 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.