Trupanion, Inc. (NASDAQ:TRUP) Receives $41.60 Average PT from Analysts

Shares of Trupanion, Inc. (NASDAQ:TRUP) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $41.60.

A number of brokerages have issued reports on TRUP. Stifel Nicolaus set a $28.00 target price on shares of Trupanion in a research note on Friday, June 26th. Bank of America dropped their price target on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Atlantic Securities set a $42.00 price objective on Trupanion in a research report on Wednesday, July 15th. Finally, Cantor Fitzgerald lowered their target price on Trupanion from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th.

Trupanion Price Performance

NASDAQ TRUP opened at $26.74 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.32 and a beta of 1.39. The company has a 50 day simple moving average of $23.89 and a 200-day simple moving average of $27.15. Trupanion has a 52-week low of $21.16 and a 52-week high of $57.00.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $384.05 million for the quarter, compared to the consensus estimate of $379.77 million. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Equities research analysts predict that Trupanion will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In related news, CFO Fawwad Qureshi sold 6,177 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total value of $137,005.86. Following the completion of the sale, the chief financial officer owned 2,081 shares of the company’s stock, valued at approximately $46,156.58. The trade was a 74.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steve Weinrauch sold 6,674 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $22.00, for a total value of $146,828.00. Following the completion of the transaction, the executive vice president owned 78,062 shares in the company, valued at $1,717,364. This represents a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,807 shares of company stock valued at $395,482 in the last three months. Corporate insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently bought and sold shares of the business. Kelleher Financial Advisors bought a new stake in shares of Trupanion during the 3rd quarter worth about $74,000. Kemnay Advisory Services Inc. bought a new stake in shares of Trupanion during the 4th quarter worth $64,000. Parallel Advisors LLC boosted its holdings in shares of Trupanion by 1,831.9% during the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,722 shares during the period. Advisory Services Network LLC acquired a new position in Trupanion in the 3rd quarter valued at $160,000. Finally, Tidal Investments LLC acquired a new position in Trupanion in the 2nd quarter valued at $212,000.

About Trupanion

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.