Trupanion (NASDAQ:TRUP) Shares Up 5%

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report)'s stock price shot up 5% during mid-day trading on Wednesday . The stock traded as high as $23.94 and last traded at $23.89. 235,837 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 673,810 shares. The stock had previously closed at $22.75.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRUP. Evercore ISI decreased their target price on Trupanion from $35.00 to $31.00 and set an "outperform" rating for the company in a research report on Tuesday, February 20th. Stifel Nicolaus increased their target price on Trupanion from $25.00 to $28.00 and gave the stock a "hold" rating in a research report on Friday, February 16th. Finally, Piper Sandler decreased their target price on Trupanion from $32.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.20.

Trupanion Trading Up 5.1 %

The firm has a 50 day simple moving average of $26.10 and a 200 day simple moving average of $26.90. The firm has a market capitalization of $999.80 million, a PE ratio of -21.06 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 posted its quarterly earnings results 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. The business had revenue of $295.50 million for the quarter, compared to analysts' expectations of $289.84 million. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. Equities analysts expect that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BluePath Capital Management LLC bought a new stake in shares of Trupanion during the third quarter valued at approximately $31,000. Quest Partners LLC bought a new stake in shares of Trupanion during the fourth quarter valued at approximately $67,000. PNC Financial Services Group Inc. raised its stake in shares of Trupanion by 45.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 933 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Trupanion during the fourth quarter valued at approximately $211,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Trupanion during the third quarter worth $219,000.

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.

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