Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Trupanion, Inc. (NASDAQ:TRUP) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.67.

Several equities research analysts have recently weighed in on the company. Northland Securities raised their price objective on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Piper Sandler lifted their price target on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Bank of America lifted their target price on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th.

Trupanion Trading Down 3.9 %

Shares of Trupanion stock opened at $50.71 on Tuesday. The business has a fifty day simple moving average of $48.23 and a 200-day simple moving average of $38.43. Trupanion has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -158.47 and a beta of 1.69. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts forecast that Trupanion will post -0.23 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other news, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Murray B. Low sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the sale, the director now owns 131,513 shares of the company’s stock, valued at approximately $6,926,789.71. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,124 shares of company stock valued at $482,981 over the last three months. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Trupanion during the 3rd quarter valued at about $37,000. GAMMA Investing LLC raised its position in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 596 shares in the last quarter. Entropy Technologies LP acquired a new stake in Trupanion in the third quarter valued at approximately $202,000. Mutual of America Capital Management LLC bought a new stake in Trupanion in the third quarter worth approximately $210,000. Finally, Headlands Technologies LLC acquired a new position in shares of Trupanion during the 2nd quarter worth $162,000.

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.