Trupanion (NASDAQ:TRUP) Trading Down 2.6%

Trupanion, Inc. (NASDAQ:TRUP)’s share price was down 2.6% during trading on Friday . The company traded as low as $25.16 and last traded at $25.25. Approximately 174,950 shares changed hands during trading, a decline of 81% from the average daily volume of 944,632 shares. The stock had previously closed at $25.92.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Sandler cut their price objective on shares of Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Trupanion has an average rating of “Hold” and a consensus price target of $45.14.

Trupanion Price Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -19.90 and a beta of 1.66. The stock has a fifty day simple moving average of $25.36 and a 200-day simple moving average of $25.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61.

Insider Activity at Trupanion

In related news, Director Michael Doak sold 8,688 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $29.99, for a total transaction of $260,553.12. Following the sale, the director now owns 5,866 shares in the company, valued at $175,921.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.81% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Trupanion by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,986,175 shares of the financial services provider’s stock worth $236,899,000 after buying an additional 57,855 shares during the period. Capital International Investors raised its position in Trupanion by 159.8% during the second quarter. Capital International Investors now owns 3,232,347 shares of the financial services provider’s stock worth $63,613,000 after acquiring an additional 1,988,386 shares during the period. Wellington Management Group LLP lifted its holdings in Trupanion by 23.3% during the first quarter. Wellington Management Group LLP now owns 1,719,142 shares of the financial services provider’s stock valued at $73,734,000 after purchasing an additional 325,354 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in shares of Trupanion by 122.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,601,998 shares of the financial services provider’s stock valued at $68,710,000 after purchasing an additional 882,811 shares during the period. Finally, State Street Corp increased its stake in shares of Trupanion by 0.7% during the first quarter. State Street Corp now owns 1,405,434 shares of the financial services provider’s stock worth $60,279,000 after purchasing an additional 9,488 shares in 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, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.