Trupanion (NASDAQ:TRUP) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Shares of Trupanion, Inc. (NASDAQ:TRUP) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $26.99 and traded as high as $28.81. Trupanion shares last traded at $28.76, with a volume of 234,192 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRUP. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Stifel Nicolaus boosted their price target on shares of Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Weiss Ratings raised Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Cantor Fitzgerald lowered their price objective on Trupanion from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.40.

Trupanion Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1.31 billion, a PE ratio of 53.77, a P/E/G ratio of 1.71 and a beta of 1.44. The stock has a fifty day moving average price of $26.93 and a 200-day moving average price of $25.64.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $392.93 million during 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%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts forecast that Trupanion, Inc. will post 0.63 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other news, CFO Fawwad Qureshi sold 6,111 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total value of $183,391.11. Following the completion of the transaction, the chief financial officer owned 4,230 shares in the company, valued at $126,942.30. This trade represents a 59.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Gallagher sold 3,604 shares of the firm’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 trade represents a 9.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,046 shares of company stock worth $406,002 over the last ninety days. 5.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRUP. Yousif Capital Management LLC lifted its stake in Trupanion by 4.0% in the 3rd quarter. Yousif Capital Management LLC now owns 9,328 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 356 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Trupanion by 25.2% during the second quarter. WINTON GROUP Ltd now owns 47,749 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 9,596 shares during the period. Squarepoint Ops LLC increased its holdings in Trupanion by 0.7% during the 2nd quarter. Squarepoint Ops LLC now owns 71,382 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 482 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Trupanion by 7.7% in the second quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 688 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Trupanion in the second quarter valued at approximately $1,679,000.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.