Trupanion (NASDAQ:TRUP) Shares Gap Down to $27.74

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $27.74, but opened at $27.14. Trupanion shares last traded at $28.20, with a volume of 38,012 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on TRUP. Piper Sandler reduced their price objective on Trupanion from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, February 16th. Stifel Nicolaus raised their target price on Trupanion from $25.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. Finally, Evercore ISI cut their target price on Trupanion from $35.00 to $31.00 and set an "outperform" rating for the company in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.17.

Trupanion Stock Performance

The stock has a 50 day moving average of $27.66 and a two-hundred day moving average of $27.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $1.15 billion, a PE ratio of -25.56 and a beta of 1.72.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its earnings results on Thursday, February 15th. The financial services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.13. The company had revenue of $295.50 million for the quarter, compared to the consensus estimate of $289.84 million. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. Trupanion's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) earnings per share. Research analysts expect that Trupanion, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Trupanion

Institutional investors have recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new position in shares of Trupanion in the fourth quarter worth $31,398,000. 8 Knots Management LLC acquired a new position in shares of Trupanion in the fourth quarter worth $21,165,000. Wellington Management Group LLP raised its holdings in shares of Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider's stock worth $74,862,000 after acquiring an additional 630,155 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Trupanion by 123.7% in the second quarter. JPMorgan Chase & Co. now owns 110,222 shares of the financial services provider's stock worth $6,643,000 after acquiring an additional 576,020 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Trupanion by 315.5% in the first quarter. Bank of America Corp DE now owns 654,008 shares of the financial services provider's stock worth $28,050,000 after acquiring an additional 496,619 shares during 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.