Trupanion (NASDAQ:TRUP) Shares Gap Down to $26.15

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $26.15, but opened at $25.46. Trupanion shares last traded at $25.75, with a volume of 19,823 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler decreased their price objective on Trupanion from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Friday, February 16th. Stifel Nicolaus increased their price objective on Trupanion from $25.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, February 16th. Finally, Evercore ISI decreased their price objective on Trupanion from $35.00 to $31.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Trupanion has an average rating of "Hold" and an average target price of $34.00.

Trupanion Price Performance

The business has a 50-day moving average price of $27.55 and a 200 day moving average price of $27.27. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -24.44 and a beta of 1.71. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Trupanion

Several large investors have recently added to or reduced their stakes in TRUP. BluePath Capital Management LLC acquired a new stake in Trupanion during the 3rd quarter valued at $31,000. Belpointe Asset Management LLC raised its stake in Trupanion by 2,500.0% during the 1st quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 800 shares during the period. PNC Financial Services Group Inc. raised its stake in Trupanion by 61.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,057 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 782 shares during the period. Tower Research Capital LLC TRC raised its stake in Trupanion by 128.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 584 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Trupanion by 8,339.4% in the second quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider's stock worth $55,000 after acquiring an additional 2,752 shares during the last quarter.

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.