Trupanion, Inc. (NASDAQ:TRUP) Given Average Recommendation of “Hold” by Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.25.

A number of research firms recently weighed in on TRUP. Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 22nd. Piper Sandler decreased their price objective on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, December 19th. Stifel Nicolaus dropped their target price on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Finally, Wall Street Zen lowered Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th.

Insider Buying and Selling at Trupanion

In other news, COO John R. Gallagher sold 6,383 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total transaction of $222,256.06. Following the completion of the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at $1,139,345.22. This trade represents a 16.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Fawwad Qureshi sold 6,202 shares of Trupanion stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total value of $219,860.90. The disclosure for this sale is available in the SEC filing. Insiders sold 40,877 shares of company stock worth $1,540,596 in the last quarter. 5.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRUP. American Century Companies Inc. increased its stake in shares of Trupanion by 103.8% during the 1st quarter. American Century Companies Inc. now owns 46,969 shares of the financial services provider’s stock worth $1,751,000 after purchasing an additional 23,928 shares during the last quarter. AlphaQuest LLC grew its holdings in Trupanion by 940.6% during the first quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 950 shares during the period. Trexquant Investment LP grew its holdings in Trupanion by 89.2% during the first quarter. Trexquant Investment LP now owns 261,246 shares of the financial services provider’s stock valued at $9,737,000 after purchasing an additional 123,137 shares during the period. State of Wyoming increased its position in Trupanion by 14.1% in the first quarter. State of Wyoming now owns 12,730 shares of the financial services provider’s stock worth $474,000 after buying an additional 1,572 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Trupanion by 60.6% in the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 11,233 shares during the period.

Trupanion Trading Up 0.9%

Shares of Trupanion stock opened at $37.75 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 104.86 and a beta of 1.62. The stock has a fifty day simple moving average of $38.43 and a 200 day simple moving average of $44.56. Trupanion has a 12-month low of $31.00 and a 12-month high of $57.88. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The company had revenue of $366.92 million for the quarter, compared to the consensus estimate of $361.58 million. During the same quarter last year, the business posted $0.03 earnings per share. Trupanion’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Trupanion will post 0.13 earnings per share for the current fiscal year.

Trupanion Company Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.