Trupanion (NASDAQ:TRUP) Trading 7.6% Higher – Time to Buy?

Trupanion, Inc. (NASDAQ:TRUP)’s stock price rose 7.6% during mid-day trading on Monday . The stock traded as high as $29.07 and last traded at $29.05. Approximately 865,929 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 428,661 shares. The stock had previously closed at $26.99.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRUP. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Stifel Nicolaus set a $28.00 price objective on shares of Trupanion in a report on Friday, June 26th. Bank of America cut their target price on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Zacks Research raised shares of Trupanion from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Atlantic Securities set a $42.00 target price on shares of Trupanion in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

Trupanion Stock Up 7.4%

The company has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $26.13. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.27 billion, a P/E ratio of 54.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The business had revenue of $392.93 million during the quarter, compared to analysts’ expectations of $389.72 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Trupanion, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of Trupanion stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the transaction, the executive vice president owned 78,062 shares of the company’s stock, valued at $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fawwad Qureshi sold 6,177 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total transaction of $137,005.86. Following the completion of the transaction, the chief financial officer owned 2,081 shares of the company’s stock, valued at approximately $46,156.58. The trade was a 74.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 17,807 shares of company stock valued at $394,452. 5.58% of the stock is owned by corporate insiders.

Institutional Trading of Trupanion

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Trupanion during the 2nd quarter valued at approximately $134,774,000. Millennium Management LLC lifted its holdings in shares of Trupanion by 185.8% in the third quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider’s stock worth $26,790,000 after buying an additional 402,421 shares in the last quarter. Renaissancere Holdings Ltd. bought a new position in shares of Trupanion during the second quarter worth $6,514,510,000. Goldman Sachs Group Inc. boosted its position in shares of Trupanion by 116.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider’s stock worth $17,826,000 after acquiring an additional 256,559 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in Trupanion by 3,201.0% during the third quarter. Two Sigma Investments LP now owns 224,433 shares of the financial services provider’s stock valued at $9,713,000 after acquiring an additional 217,634 shares in the last quarter.

Trupanion Company Profile

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.