Trupanion (NASDAQ:TRUP) Stock Price Expected to Rise, Piper Sandler Analyst Says

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

Separately, Lake Street Capital reduced their target price on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.80.

Trupanion Trading Up 0.3%

NASDAQ:TRUP traded up $0.17 during mid-day trading on Thursday, hitting $52.13. The company had a trading volume of 630,495 shares, compared to its average volume of 616,338. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 1.70. Trupanion has a fifty-two week low of $27.40 and a fifty-two week high of $57.90. The firm has a market cap of $2.23 billion, a P/E ratio of -521.25 and a beta of 1.82. The business's fifty day moving average is $48.39 and its two-hundred day moving average is $43.69.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $341.98 million for the quarter, compared to the consensus estimate 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 for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. As a group, research analysts expect that Trupanion will post 0.13 earnings per share for the current year.

Insider Activity

In related news, COO John R. Gallagher sold 4,000 shares of Trupanion stock in a transaction dated Thursday, May 29th. The stock was 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 of the company's stock, valued at approximately $1,291,671.40. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total value of $183,440.00. Following the transaction, the chief executive officer directly owned 118,784 shares of the company's stock, valued at $5,447,434.24. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,562 shares of company stock worth $678,230 over the last three months. Corporate insiders own 5.42% of the company's stock.

Hedge Funds Weigh In On Trupanion

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Trupanion during the 4th quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings in Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Quarry LP bought a new position in shares of Trupanion in the fourth quarter valued at about $39,000. AlphaQuest LLC boosted its holdings in shares of Trupanion by 940.6% during the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock worth $39,000 after buying an additional 950 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in 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 acquiring an additional 1,028 shares during the period.

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.