Trupanion (NASDAQ:TRUP) PT Raised to $45.00 at Northland Securities

Trupanion (NASDAQ:TRUP) had its price target hoisted by Northland Securities from $35.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. Northland Securities currently has a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on TRUP. Evercore ISI upgraded shares of Trupanion to a strong-buy rating in a research note on Friday, August 9th. Piper Sandler upped their target price on Trupanion from $30.00 to $38.00 and gave the company a neutral rating in a report on Friday, August 9th. William Blair assumed coverage on Trupanion in a report on Friday, July 19th. They issued an outperform rating on the stock. Finally, Stifel Nicolaus restated a hold rating and set a $30.00 price objective (up previously from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trupanion presently has a consensus rating of Moderate Buy and an average price target of $39.00.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $42.80 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -66.88 and a beta of 1.74. Trupanion has a twelve month low of $19.14 and a twelve month high of $49.14. The business has a 50 day simple moving average of $40.56 and a 200-day simple moving average of $31.72.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $314.80 million during the quarter, compared to the consensus estimate of $309.33 million. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) earnings per share. As a group, equities research analysts expect that Trupanion will post -0.37 earnings per share for the current year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Fawwad Qureshi sold 624 shares of Trupanion 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 can be accessed through the SEC website. Also, 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 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 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 ninety days. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trupanion

Large investors have recently made changes to their positions in the business. Quest Partners LLC bought a new stake in shares of Trupanion in the 4th quarter worth approximately $67,000. Headlands Technologies LLC bought a new stake in shares of Trupanion during the 2nd quarter worth $162,000. Victory Capital Management Inc. acquired a new position in shares of Trupanion in the 4th quarter worth $211,000. Blueshift Asset Management LLC acquired a new stake in shares of Trupanion during the fourth quarter worth $220,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Trupanion during the second 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.