Trupanion (NASDAQ:TRUP) Shares Down 8.7%

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report)'s stock price dropped 8.7% during mid-day trading on Wednesday . The stock traded as low as $28.11 and last traded at $28.57. Approximately 448,062 shares traded hands during trading, a decline of 40% from the average daily volume of 740,806 shares. The stock had previously closed at $31.30.

Analyst Ratings Changes

TRUP has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Trupanion from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, May 3rd. Evercore ISI lowered their target price on shares of Trupanion from $35.00 to $31.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 20th. Piper Sandler cut their price target on shares of Trupanion from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Trupanion from $25.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $28.75.

Trupanion Stock Down 9.5 %

The company has a market cap of $1.19 billion, a P/E ratio of -44.27 and a beta of 1.76. The stock has a 50-day moving average of $25.47 and a two-hundred day moving average of $26.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.62 and a current ratio of 1.62.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. During the same period last year, the firm posted ($0.60) earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. On average, research analysts anticipate that Trupanion, Inc. will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In related news, SVP Emily Dreyer sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the transaction, the senior vice president now directly owns 19,830 shares in the company, valued at approximately $502,492.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Trupanion news, SVP Emily Dreyer sold 3,125 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the sale, the senior vice president now owns 19,830 shares of the company's stock, valued at approximately $502,492.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Darryl Rawlings purchased 20,700 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $24.14 per share, for a total transaction of $499,698.00. Following the acquisition, the chief executive officer now owns 614,842 shares in the company, valued at $14,842,285.88. The disclosure for this purchase can be found here. Company insiders own 5.81% of the company's stock.

Institutional Investors Weigh In On Trupanion

Several institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Trupanion by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,011 shares of the financial services provider's stock worth $254,000 after acquiring an additional 2,367 shares during the period. Nisa Investment Advisors LLC raised its holdings in Trupanion by 108.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 18,930 shares of the financial services provider's stock worth $534,000 after purchasing an additional 9,869 shares in the last quarter. Check Capital Management Inc. CA lifted its position in shares of Trupanion by 32.1% in the 3rd quarter. Check Capital Management Inc. CA now owns 22,925 shares of the financial services provider's stock worth $646,000 after purchasing an additional 5,575 shares during the period. Versor Investments LP bought a new stake in shares of Trupanion during the 3rd quarter valued at about $391,000. Finally, New York State Common Retirement Fund increased its position in shares of Trupanion by 1.4% during the third quarter. New York State Common Retirement Fund now owns 79,142 shares of the financial services provider's stock valued at $2,232,000 after buying an additional 1,101 shares during the period.

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.

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