Trupanion (NASDAQ:TRUP) Hits New 12-Month High – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $54.15 and last traded at $53.76, with a volume of 15921 shares traded. The stock had previously closed at $53.50.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRUP. William Blair began coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating for the company. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Piper Sandler lifted their target price on shares of Trupanion from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Bank of America boosted their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

Trupanion Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s 50 day simple moving average is $44.19 and its 200-day simple moving average is $33.89. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -120.00 and a beta of 1.73.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $309.33 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. On average, sell-side analysts predict that Trupanion, Inc. will post -0.34 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 640 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the company’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 transaction, the chief executive officer now owns 99,984 shares of the company’s stock, valued at $4,647,256.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Fawwad Qureshi sold 640 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,764 shares of company stock valued at $405,238 in the last 90 days. 5.50% of the stock is owned by insiders.

Institutional Trading of Trupanion

A number of institutional investors and hedge funds have recently bought and sold shares of TRUP. Wellington Management Group LLP increased its stake in Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after purchasing an additional 630,155 shares during the period. Check Capital Management Inc. CA increased its stake in Trupanion by 34.8% during the first quarter. Check Capital Management Inc. CA now owns 32,355 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 8,355 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Trupanion during the first quarter worth about $269,000. GSA Capital Partners LLP increased its stake in Trupanion by 376.5% during the first quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 63,247 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in Trupanion by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 561 shares during the period.

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.