Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $41.60.

TRUP has been the subject of several research analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Trupanion in a research note on Monday, June 1st. Stifel Nicolaus set a $28.00 target price on Trupanion in a research note on Friday, June 26th. Bank of America dropped their target price on Trupanion from $63.00 to $59.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Zacks Research upgraded shares of Trupanion from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Finally, Atlantic Securities set a $42.00 price objective on shares of Trupanion in a research report on Wednesday, July 15th.

Trupanion Stock Performance

NASDAQ TRUP opened at $26.99 on Monday. The firm's 50 day moving average price is $24.72 and its two-hundred day moving average price is $26.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. Trupanion has a twelve month low of $21.16 and a twelve month high of $57.00. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 1.98 and a beta of 1.39.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The business had revenue of $392.93 million during the quarter, compared to analysts' expectations of $389.72 million. During the same quarter last year, the firm posted $0.22 earnings per share. Trupanion's revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Trupanion will post 0.58 EPS for the current year.

Insider Buying and Selling at Trupanion

In related news, EVP Steve Weinrauch sold 6,674 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $22.00, for a total transaction of $146,828.00. Following the completion of the sale, the executive vice president directly owned 78,062 shares in the company, valued at approximately $1,717,364. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 6,177 shares of Trupanion stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total value of $137,005.86. Following the sale, the chief financial officer directly owned 2,081 shares of the company's stock, valued at approximately $46,156.58. The trade was a 74.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 17,807 shares of company stock valued at $394,452 in the last quarter. Company insiders own 5.58% of the company's stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently made changes to their positions in TRUP. Kelleher Financial Advisors bought a new stake in shares of Trupanion in the 2nd quarter valued at approximately $42,000. Kemnay Advisory Services Inc. acquired a new stake in Trupanion in the fourth quarter valued at approximately $64,000. Parallel Advisors LLC grew its position in Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,722 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Trupanion during the 3rd quarter worth $160,000. Finally, Tidal Investments LLC acquired a new position in shares of Trupanion during the 2nd quarter worth $212,000.

Trupanion Company Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company's core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.

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