Trupanion, Inc. (NASDAQ:TRUP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given an average rating of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.80.

Several analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $49.00 in a report on Thursday, May 16th. Finally, Piper Sandler dropped their price target on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd.

Insider Activity at Trupanion

In other news, CEO Darryl Rawlings acquired 20,700 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $24.14 per share, with a total value of $499,698.00. Following the transaction, the chief executive officer now owns 614,842 shares in the company, valued at approximately $14,842,285.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Trupanion news, CEO Darryl Rawlings acquired 20,700 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the transaction, the chief executive officer now owns 614,842 shares in the company, valued at approximately $14,842,285.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the sale, the executive vice president now directly owns 55,896 shares in the company, valued at approximately $1,640,547.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,325 shares of company stock valued at $144,586 over the last 90 days. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in shares of Trupanion in the 4th quarter valued at about $67,000. PNC Financial Services Group Inc. grew its position in shares of Trupanion by 45.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 933 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Trupanion in the 4th quarter valued at $211,000. Dark Forest Capital Management LP acquired a new position in shares of Trupanion in the 3rd quarter valued at $219,000. Finally, Blueshift Asset Management LLC purchased a new stake in Trupanion in the 4th quarter valued at $220,000.

Trupanion Price Performance

Shares of TRUP opened at $29.74 on Friday. The firm has a 50-day simple moving average of $26.72 and a two-hundred day simple moving average of $27.59. The stock has a market cap of $1.25 billion, a PE ratio of -46.47 and a beta of 1.82. Trupanion has a 1-year low of $18.45 and a 1-year high of $36.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62.

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 the consensus estimate of ($0.18) by $0.02. The business had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted ($0.60) earnings per share. As a group, analysts forecast that Trupanion will post -0.46 EPS for the current year.

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.