Trupanion (NASDAQ:TRUP) Shares Up 10.5%

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) was up 10.5% during trading on Monday . The company traded as high as $22.80 and last traded at $21.93. Approximately 346,862 shares traded hands during trading, a decline of 49% from the average daily volume of 677,940 shares. The stock had previously closed at $19.85.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Trupanion from $40.00 to $34.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI lowered their price target on shares of Trupanion from $35.00 to $31.00 and set an "outperform" rating for the company in a research note on Tuesday, February 20th. Stifel Nicolaus raised their price objective on Trupanion from $25.00 to $28.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Finally, Piper Sandler lowered their target price on Trupanion from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Trupanion has a consensus rating of "Hold" and a consensus price target of $29.40.

Trupanion Stock Up 13.4 %

The firm has a market cap of $945.19 million, a PE ratio of -35.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.62. The company's 50-day simple moving average is $25.58 and its two-hundred day simple moving average is $26.70.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. During the same period in the prior year, the business posted ($0.60) earnings per share. Trupanion's revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts predict that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trupanion

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sivia Capital Partners LLC bought a new position in Trupanion in the fourth quarter worth approximately $31,398,000. 8 Knots Management LLC bought a new position in Trupanion in the 4th quarter worth $21,165,000. Wellington Management Group LLP lifted its position in Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider's stock valued at $74,862,000 after purchasing an additional 630,155 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in Trupanion during the third quarter valued at about $4,712,000. Finally, GSA Capital Partners LLP increased its position in Trupanion by 376.5% in the first quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider's stock worth $2,210,000 after buying an additional 63,247 shares in 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.