Trupanion (NASDAQ:TRUP) Shares Up 7%

Trupanion, Inc. (NASDAQ:TRUP) rose 7% on Wednesday . The company traded as high as $46.46 and last traded at $46.43. Approximately 77,433 shares changed hands during trading, a decline of 89% from the average daily volume of 699,862 shares. The stock had previously closed at $43.39.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Northland Securities raised their target price on Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. William Blair assumed coverage on shares of Trupanion in a report on Friday, July 19th. They set an “outperform” rating for the company. Bank of America raised Trupanion from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $49.00 in a report on Thursday, May 16th. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $30.00 price target (up previously from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Trupanion Stock Performance

The firm has a market capitalization of $1.85 billion, a P/E ratio of -68.23 and a beta of 1.74. The stock has a fifty day moving average of $37.17 and a 200-day moving average of $30.26. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last posted 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. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The company had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. During the same period last year, the company earned ($0.33) earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. On average, research analysts anticipate that Trupanion, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling

In related news, CEO Margaret Tooth sold 7,500 shares of the firm’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the sale, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,764 shares of company stock worth $405,238. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

A number of institutional investors have recently modified their holdings of TRUP. Quest Partners LLC bought a new stake in shares of Trupanion in the fourth quarter worth $67,000. Headlands Technologies LLC acquired a new position in Trupanion during the 2nd quarter valued at about $162,000. Victory Capital Management Inc. purchased a new position in shares of Trupanion during the fourth quarter valued at approximately $211,000. Blueshift Asset Management LLC bought a new stake in Trupanion during the fourth quarter worth $220,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Trupanion in the 2nd quarter valued at $235,000.

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.