Trupanion (NASDAQ:TRUP) Stock Price Down 5.2%

Trupanion, Inc. (NASDAQ:TRUP)’s stock price was down 5.2% during mid-day trading on Monday . The stock traded as low as $43.85 and last traded at $44.63. Approximately 277,403 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 690,011 shares. The stock had previously closed at $47.08.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. William Blair assumed coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 target price (up from $22.00) on shares of Trupanion in a report on Friday, August 9th. Evercore ISI raised Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Northland Securities raised their price objective on Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Piper Sandler lifted their price target on shares of Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Trupanion Price Performance

The firm has a market cap of $1.98 billion, a PE ratio of -68.95 and a beta of 1.74. The firm has a fifty day simple moving average of $39.02 and a two-hundred day simple moving average of $31.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share. Equities analysts predict that Trupanion, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The disclosure for this sale can be found here. Insiders have sold a total of 8,764 shares of company stock worth $405,238 over the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Trupanion by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after buying an additional 32,485 shares in the last quarter. Wellington Management Group LLP lifted its position in Trupanion by 34.6% during the 4th quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after acquiring an additional 630,155 shares during the period. 8 Knots Management LLC grew its stake in Trupanion by 87.0% during the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after purchasing an additional 603,775 shares during the last quarter. Marshall Wace LLP boosted its position in Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Trupanion in the 4th quarter valued at $31,398,000.

Trupanion Company Profile

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.