Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Target Price at $51.80

Shares of Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $51.80.

A number of analysts have commented on TRUP shares. Piper Sandler reduced their price target on Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Lake Street Capital reduced their target price on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a report on Thursday, February 20th.

Insiders Place Their Bets

In other news, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $33.34, for a total transaction of $133,360.00. Following the transaction, the chief executive officer now owns 118,784 shares of the company's stock, valued at approximately $3,960,258.56. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Fawwad Qureshi sold 2,534 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $48.31, for a total transaction of $122,417.54. Following the completion of the sale, the chief financial officer now directly owns 3,545 shares of the company's stock, valued at approximately $171,258.95. This trade represents a 41.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,562 shares of company stock worth $826,910 in the last three months. Corporate insiders own 5.42% of the company's stock.

Hedge Funds Weigh In On Trupanion

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in shares of Trupanion by 11.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after purchasing an additional 235 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after buying an additional 238 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Trupanion by 58.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 460 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Trupanion in the 4th quarter valued at $25,000. Finally, Swiss National Bank boosted its holdings in Trupanion by 1.1% during the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock worth $3,196,000 after buying an additional 700 shares in the last quarter.

Trupanion Stock Performance

NASDAQ:TRUP traded up $1.11 on Friday, hitting $52.13. The stock had a trading volume of 565,218 shares, compared to its average volume of 611,555. The business's 50-day simple moving average is $41.28 and its two-hundred day simple moving average is $43.64. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -226.65, a price-to-earnings-growth ratio of 6.02 and a beta of 1.81. Trupanion has a 52-week low of $25.90 and a 52-week high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $341.98 million for the quarter, compared to analysts' expectations of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) EPS. As a group, research analysts predict that Trupanion will post 0.13 earnings per share for the current year.

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.