Trupanion (NASDAQ:TRUP) Shares Down 5.2% – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP)’s share price fell 5.2% during mid-day trading on Tuesday . The stock traded as low as $23.86 and last traded at $23.7020. Approximately 64,731 shares were traded during trading, a decline of 85% from the average session volume of 438,667 shares. The stock had previously closed at $25.00.

Wall Street Analysts Forecast Growth

TRUP has been the topic of a number of analyst reports. Atlantic Securities set a $42.00 price objective on shares of Trupanion in a research note on Wednesday, July 15th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and cut their price target for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. Weiss Ratings downgraded Trupanion from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 10th. Finally, Stifel Nicolaus lifted their price objective on Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Trupanion currently has a consensus rating of “Hold” and a consensus target price of $39.20.

Trupanion Trading Down 3.2%

The company has a market cap of $1.00 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 1.60 and a beta of 1.45. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $27.20 and its 200 day moving average price is $25.65.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $392.93 million for the quarter, compared to the consensus estimate of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. Trupanion’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. As a group, equities analysts expect that Trupanion, Inc. will post 0.63 EPS for the current year.

Insider Activity at Trupanion

In related news, COO John Gallagher sold 3,604 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the transaction, the chief operating officer directly owned 33,742 shares of the company’s stock, valued at approximately $1,002,137.40. This represents a 9.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Margaret Tooth sold 978 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $29.05, for a total value of $28,410.90. Following the completion of the sale, the chief executive officer directly owned 175,401 shares of the company’s stock, valued at $5,095,399.05. This trade represents a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,046 shares of company stock valued at $381,210 in the last three months. Corporate insiders own 5.58% of the company’s stock.

Institutional Trading of Trupanion

Several hedge funds have recently bought and sold shares of TRUP. Kelleher Financial Advisors acquired a new position in shares of Trupanion during the second quarter valued at about $42,000. Parallel Advisors LLC raised its holdings in shares of Trupanion by 1,831.9% in the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,722 shares during the last quarter. Quantbot Technologies LP bought a new position in Trupanion in the 2nd quarter valued at about $89,000. Fifth Third Bancorp boosted its stake in Trupanion by 2,911.1% during the 1st quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 7,336 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Trupanion by 7.7% during the 2nd quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 688 shares in the last quarter.

Trupanion Company Profile

Trupanion, Inc is a pet insurance company that provides medical coverage for cats and dogs. Its subscription-based policies are designed to help pet owners manage the cost of eligible veterinary care, including coverage for unexpected illnesses and injuries. Depending on the policy and jurisdiction, coverage may include diagnostic tests, surgeries, hospital stays and prescription medications, subject to applicable terms, exclusions and deductibles.

The company also develops technology intended to simplify the relationship between pet owners, veterinarians and insurers.