Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $53.80

Key Points

• Trupanion, Inc. (NASDAQ:TRUP) has received a consensus rating of "Moderate Buy" from analysts, with a 12-month price target averaging $53.80.
• CEO Margaret Tooth and COO John R. Gallagher recently sold shares of Trupanion, indicating changes in insider ownership, with Tooth's stake decreasing by 3.26% and Gallagher's by 12.92%.
• The company reported a 11.7% year-over-year revenue growth, with quarterly earnings surpassing analysts' expectations, posting an EPS of ($0.03) versus a consensus of ($0.05).

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $53.80.

TRUP has been the subject of a number of recent research reports. Piper Sandler raised their price target on shares of Trupanion from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Lake Street Capital reduced their price target on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Insider Transactions at Trupanion

In other news, CEO Margaret Tooth sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total transaction of $183,440.00. Following the sale, the chief executive officer owned 118,784 shares of the company's stock, valued at $5,447,434.24. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John R. Gallagher sold 4,000 shares of Trupanion stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $47.90, for a total transaction of $191,600.00. Following the completion of the sale, the chief operating officer directly owned 26,966 shares in the company, valued at $1,291,671.40. This represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,562 shares of company stock valued at $544,870 in the last 90 days. 5.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trupanion

Institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System increased its stake in Trupanion by 2.1% during the second quarter. Maryland State Retirement & Pension System now owns 9,933 shares of the financial services provider's stock worth $550,000 after purchasing an additional 201 shares during the period. Yousif Capital Management LLC increased its stake in Trupanion by 1.8% during the second quarter. Yousif Capital Management LLC now owns 12,580 shares of the financial services provider's stock worth $696,000 after purchasing an additional 226 shares during the period. PNC Financial Services Group Inc. increased its stake in Trupanion by 11.8% during the first 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 during the period. Coppell Advisory Solutions LLC increased its stake in Trupanion by 58.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock worth $61,000 after purchasing an additional 460 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Trupanion by 30.1% during the second quarter. GAMMA Investing LLC now owns 2,133 shares of the financial services provider's stock worth $118,000 after buying an additional 494 shares in the last quarter.

Trupanion Stock Down 0.9%

Shares of NASDAQ:TRUP traded down $0.46 during trading on Friday, reaching $47.87. The stock had a trading volume of 70,237 shares, compared to its average volume of 599,277. Trupanion has a one year low of $29.70 and a one year high of $57.90. The company has a market capitalization of $2.05 billion, a P/E ratio of -478.00 and a beta of 1.82. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $50.83 and its 200 day simple moving average is $43.93.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $341.98 million during the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative net margin of 0.32% and a negative return on equity of 1.33%. Trupanion's revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted ($0.16) EPS. As a group, research analysts expect that Trupanion will post 0.13 EPS for the current fiscal 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.