Trupanion (NASDAQ:TRUP) PT Lowered to $34.00

Trupanion (NASDAQ:TRUP) had its price objective trimmed by Canaccord Genuity Group from $40.00 to $34.00 in a report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

TRUP has been the subject of several other reports. Stifel Nicolaus increased their price objective on Trupanion from $25.00 to $28.00 and gave the stock a hold rating in a research report on Friday, February 16th. Evercore ISI reduced their price target on shares of Trupanion from $35.00 to $31.00 and set an outperform rating on the stock in a research note on Tuesday, February 20th. Finally, Piper Sandler reduced their price target on shares of Trupanion from $28.00 to $22.00 and set a neutral rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $29.40.

Trupanion Price Performance

TRUP stock opened at $22.51 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.63. The business has a 50 day simple moving average of $25.58 and a 200-day simple moving average of $26.70. The firm has a market capitalization of $945.19 million, a PE ratio of -35.17 and a beta of 1.76. Trupanion has a 1 year low of $18.45 and a 1 year high of $36.66.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.60) earnings per share. Equities research analysts anticipate that Trupanion will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

A number of institutional investors and hedge funds have recently made changes to their positions in TRUP. Sivia Capital Partners LLC acquired a new position in shares of Trupanion in the fourth quarter valued at approximately $31,398,000. 8 Knots Management LLC acquired a new position in shares of Trupanion in the fourth quarter valued at approximately $21,165,000. Wellington Management Group LLP grew its holdings in shares of Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after purchasing an additional 630,155 shares in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Trupanion in the third quarter valued at approximately $4,712,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Trupanion by 376.5% in the first quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 63,247 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, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.