Trupanion (NASDAQ:TRUP) Shares Down 2.2%

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) shares fell 2.2% during mid-day trading on Wednesday . The stock traded as low as $21.69 and last traded at $21.69. 29,356 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 670,590 shares. The stock had previously closed at $22.17.

Analyst Upgrades and Downgrades

TRUP has been the topic of several recent research reports. Piper Sandler lowered their price objective on Trupanion from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, April 5th. Evercore ISI lowered their price target on shares of Trupanion from $35.00 to $31.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Trupanion from $25.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Trupanion currently has a consensus rating of "Hold" and a consensus price target of $33.20.

Trupanion Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $905.60 million, a price-to-earnings ratio of -20.37 and a beta of 1.71. The firm has a fifty day moving average price of $26.92 and a 200-day moving average price of $27.04.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new position in shares of Trupanion during the 3rd quarter worth $31,000. Belpointe Asset Management LLC boosted its stake in shares of Trupanion by 2,500.0% in 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 last quarter. Tower Research Capital LLC TRC increased its position 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 worth $45,000 after purchasing an additional 584 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Trupanion by 8,339.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 2,752 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.