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

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $53.80.

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday. Lake Street Capital dropped their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 2,534 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the sale, the chief financial officer directly owned 3,545 shares of the company's stock, valued at approximately $171,258.95. This trade represents a 41.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $45.86, for a total transaction of $183,440.00. Following the transaction, the chief executive officer owned 118,784 shares in the company, valued at approximately $5,447,434.24. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,562 shares of company stock worth $678,230. 5.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently made changes to their positions in TRUP. SBI Securities Co. Ltd. purchased a new position in shares of Trupanion in the 4th quarter worth $25,000. Jones Financial Companies Lllp increased its stake in Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after acquiring an additional 238 shares during the last quarter. Quarry LP purchased a new position in shares of Trupanion in the 4th quarter worth about $39,000. AlphaQuest LLC raised its holdings in shares of Trupanion by 940.6% in the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock worth $39,000 after purchasing an additional 950 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Trupanion by 988.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 1,028 shares in the last quarter.

Trupanion Price Performance

Shares of NASDAQ TRUP traded up $0.17 on Wednesday, hitting $52.13. The company's stock had a trading volume of 630,495 shares, compared to its average volume of 614,804. The stock has a 50 day moving average of $47.76 and a 200-day moving average of $43.80. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -521.25 and a beta of 1.82. Trupanion has a 12-month low of $27.40 and a 12-month high of $57.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.70.

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

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.