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

Key Points

• Analysts at Piper Sandler have raised their price target for Trupanion from $62.00 to $67.00, indicating a potential upside of 37.44% from its previous close.
• Lake Street Capital reduced their price target for Trupanion to $60.00, maintaining a "buy" rating, while the average target price among analysts is currently $54.80.
• Trupanion reported a quarterly earnings per share of $0.22, surpassing estimates, and its revenue increased by 12.3% year-over-year, indicating financial growth despite a negative margin.

Trupanion (NASDAQ:TRUP - Get Free Report) had its price objective raised by investment analysts at Piper Sandler from $62.00 to $67.00 in a report released on Friday, August 8th, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price target suggests a potential upside of 37.83% from the stock's previous close.

Separately, Lake Street Capital lowered their price target on Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Trupanion Trading Down 1.8%

TRUP opened at $48.61 on Friday. Trupanion has a 52 week low of $31.00 and a 52 week high of $57.90. The business has a fifty day simple moving average of $51.26 and a 200-day simple moving average of $44.07. The firm has a market cap of $2.09 billion, a P/E ratio of 186.97 and a beta of 1.78. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.32.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.25. Trupanion had a return on equity of 3.31% and a net margin of 0.81%. The business had revenue of $353.56 million during the quarter, compared to analyst estimates of $346.73 million. During the same period last year, the business posted ($0.14) earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts expect that Trupanion will post 0.13 earnings per share for the current year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the completion of the transaction, the chief financial officer directly owned 3,545 shares in the company, valued at approximately $171,258.95. This trade represents a 41.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Margaret Tooth sold 4,000 shares of Trupanion stock in a transaction 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 completion of the transaction, the chief executive officer owned 118,784 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 11,562 shares of company stock worth $544,870. Company insiders own 5.42% of the company's stock.

Institutional Trading of Trupanion

A number of institutional investors have recently bought and sold shares of TRUP. Quarry LP purchased a new stake in Trupanion during the 4th quarter worth about $39,000. AlphaQuest LLC lifted its holdings in 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 last quarter. Nisa Investment Advisors LLC lifted its holdings in Trupanion by 44.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider's stock worth $54,000 after buying an additional 300 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Trupanion by 58.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock worth $61,000 after buying an additional 460 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Trupanion by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after buying an additional 235 shares during the last quarter.

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.