Trupanion (NASDAQ:TRUP) Price Target Cut to $42.00 by Analysts at Cantor Fitzgerald

Trupanion (NASDAQ:TRUP) had its price target dropped by research analysts at Cantor Fitzgerald from $50.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 21.30% from the stock’s current price.

A number of other equities research analysts also recently weighed in on TRUP. Wall Street Zen downgraded Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research upgraded shares of Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus reduced their price target on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, November 18th. Piper Sandler dropped their price objective on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Trupanion currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Trupanion Price Performance

Trupanion stock opened at $34.63 on Wednesday. The stock’s 50 day moving average is $37.10 and its 200 day moving average is $43.01. Trupanion has a one year low of $31.00 and a one year high of $57.88. The firm has a market cap of $1.50 billion, a P/E ratio of 96.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.71.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The firm had revenue of $366.92 million during the quarter, compared to the consensus estimate of $361.58 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts expect that Trupanion will post 0.13 EPS for the current year.

Insider Transactions at Trupanion

In related news, COO John R. Gallagher sold 6,383 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $34.82, for a total value of $222,256.06. Following the transaction, the chief operating officer owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. This trade represents a 16.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 6,202 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total transaction of $219,860.90. The SEC filing for this sale provides additional information. Insiders sold a total of 41,307 shares of company stock valued at $1,556,742 over the last three months. Corporate insiders own 5.42% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in Trupanion during the 3rd quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Trupanion during the third quarter valued at approximately $39,000. Nisa Investment Advisors LLC boosted its stake in shares of Trupanion by 44.1% during the second quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 300 shares during the period. Kelleher Financial Advisors bought a new position in shares of Trupanion in the third quarter worth approximately $74,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Trupanion by 21.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock worth $116,000 after buying an additional 478 shares during the period.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.