Trupanion (NASDAQ:TRUP) Trading Up 10.5%

Trupanion, Inc. (NASDAQ:TRUP) shot up 10.5% during trading on Monday . The company traded as high as $22.80 and last traded at $21.93. 346,862 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 677,940 shares. The stock had previously closed at $19.85.

Wall Street Analyst Weigh In

Several research analysts recently commented on TRUP shares. Piper Sandler reduced their target price on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Canaccord Genuity Group lowered their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Evercore ISI cut their price target on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.40.

Trupanion Price Performance

The stock has a market capitalization of $945.19 million, a P/E ratio of -35.45 and a beta of 1.76. The company’s 50 day simple moving average is $25.61 and its two-hundred day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.63.

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

Institutional Investors Weigh In On Trupanion

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Trupanion during the 3rd quarter worth $261,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Trupanion by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,011 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 2,367 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Trupanion in the third quarter worth about $31,000. Nisa Investment Advisors LLC boosted its stake in shares of Trupanion by 108.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 18,930 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 9,869 shares during the last quarter. Finally, Check Capital Management Inc. CA raised its stake in shares of Trupanion by 32.1% during the third quarter. Check Capital Management Inc. CA now owns 22,925 shares of the financial services provider’s stock worth $646,000 after buying an additional 5,575 shares during the last quarter.

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.