FORA Capital LLC Invests $540,000 in Trupanion, Inc. (NASDAQ:TRUP)

FORA Capital LLC purchased a new stake in Trupanion, Inc. (NASDAQ:TRUP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,869 shares of the financial services provider’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Trupanion in the 2nd quarter valued at about $4,739,000. Marshall Wace LLP lifted its holdings in Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares during the period. Connors Investor Services Inc. boosted its stake in Trupanion by 31.3% in the second quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider’s stock valued at $3,339,000 after acquiring an additional 27,042 shares during the last quarter. Dalton Investments Inc. acquired a new stake in Trupanion during the 2nd quarter worth $1,029,000. Finally, OmniStar Financial Group Inc. bought a new stake in shares of Trupanion during the 3rd quarter valued at $535,000.

Trupanion Trading Down 1.6 %

Shares of TRUP opened at $53.50 on Friday. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average price is $49.73 and its two-hundred day moving average price is $40.06.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. As a group, research analysts forecast that Trupanion, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

TRUP has been the topic of several recent research reports. Bank of America raised their price target on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Stifel Nicolaus boosted their target price on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler boosted their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Northland Securities increased their target price on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.67.

Insiders Place Their Bets

In related news, CFO Fawwad Qureshi sold 622 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the sale, the chief financial officer now owns 9,867 shares in the company, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the sale, the senior vice president now directly owns 24,708 shares of the company’s stock, valued at approximately $1,355,233.80. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,538 shares of company stock valued at $988,741 in the last quarter. 5.50% of the stock is currently owned by insiders.

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.