Trupanion (NASDAQ:TRUP) Given New $62.00 Price Target at Piper Sandler

Trupanion (NASDAQ:TRUP - Free Report) had its price target hoisted by Piper Sandler from $52.00 to $62.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Separately, 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 research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trupanion has an average rating of "Moderate Buy" and a consensus target price of $53.80.

Trupanion Stock Performance

NASDAQ TRUP traded up $0.17 on Thursday, hitting $52.13. 630,495 shares of the stock traded hands, compared to its average volume of 614,804. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 1.70. The business's fifty day moving average is $47.76 and its two-hundred day moving average is $43.80. Trupanion has a 12 month low of $27.40 and a 12 month high of $57.90. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -521.25 and a beta of 1.82.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted 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. Trupanion had a negative return on equity of 1.33% and a negative net margin of 0.32%. The company had revenue of $341.98 million during the quarter, compared to the consensus estimate of $337.81 million. During the same quarter in the prior year, the company earned ($0.16) EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 2,534 shares of Trupanion 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 transaction, the chief financial officer owned 3,545 shares of the company's stock, valued at $171,258.95. The trade was a 41.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John R. Gallagher sold 4,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $47.90, for a total value of $191,600.00. Following the sale, the chief operating officer owned 26,966 shares in the company, valued at approximately $1,291,671.40. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,562 shares of company stock worth $678,230. 5.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors and hedge funds have recently made changes to their positions in TRUP. Vanguard Group Inc. grew its position in Trupanion by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock worth $173,362,000 after buying an additional 45,653 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Trupanion by 13.2% during the first quarter. Wellington Management Group LLP now owns 2,491,227 shares of the financial services provider's stock worth $92,848,000 after purchasing an additional 290,788 shares in the last quarter. Marshall Wace LLP increased its position in shares of Trupanion by 6.9% in the fourth quarter. Marshall Wace LLP now owns 901,645 shares of the financial services provider's stock worth $43,459,000 after purchasing an additional 57,804 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Trupanion by 368.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider's stock worth $40,548,000 after purchasing an additional 661,559 shares during the last quarter. Finally, Hosking Partners LLP raised its stake in Trupanion by 86.9% in the first quarter. Hosking Partners LLP now owns 397,656 shares of the financial services provider's stock valued at $14,821,000 after purchasing an additional 184,936 shares in the last quarter.

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.