Trupanion (NASDAQ:TRUP) Price Target Raised to $33.00

Trupanion (NASDAQ:TRUP) had its price objective boosted by Cantor Fitzgerald from $30.00 to $33.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. Piper Sandler lowered shares of Trupanion from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $45.00 to $32.00 in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Weiss Ratings upgraded shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Finally, Stifel Nicolaus lifted their target price on Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Trupanion Stock Performance

Shares of TRUP opened at $34.36 on Monday. The stock has a market capitalization of $1.49 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. The business’s fifty day moving average price is $27.49 and its 200 day moving average price is $26.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.74 and a quick ratio of 1.74. Trupanion has a 12-month low of $21.16 and a 12-month high of $39.61.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $405.59 million during the quarter, compared to analyst estimates of $402.53 million. Trupanion had a net margin of 1.71% and a return on equity of 6.71%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Equities research analysts forecast that Trupanion will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other news, COO John R. Gallagher sold 3,604 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the transaction, the chief operating officer owned 33,742 shares of the company’s stock, valued at approximately $1,002,137.40. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 1,000 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.84, for a total transaction of $25,840.00. Following the transaction, the chief executive officer directly owned 184,952 shares of the company’s stock, valued at approximately $4,779,159.68. This trade represents a 0.54% decrease in their position. 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 13,068 shares of company stock valued at $379,333 over the last three months. Company insiders own 5.58% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Several institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. lifted its position in Trupanion by 27.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 132,191 shares of the financial services provider’s stock valued at $3,088,000 after purchasing an additional 28,736 shares during the last quarter. Fifth Third Bancorp boosted its stake in Trupanion by 4.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,772 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 302 shares during the period. Illinois Municipal Retirement Fund grew its position in Trupanion by 22.8% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,635 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 3,833 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Trupanion by 7.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,359 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 600 shares during the last quarter. Finally, Corecam Pte. Ltd. grew its position in Trupanion by 17.0% in the 3rd quarter. Corecam Pte. Ltd. now owns 21,610 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 3,145 shares during the last quarter.

Trupanion Company Profile

Trupanion provides medical insurance for cats and dogs, offering coverage for eligible veterinary care. Its products are designed to help pet owners manage unexpected costs from illnesses and injuries, subject to policy terms and exclusions. The company also provides software and payment services that enable participating veterinary practices to submit claims and receive payments directly, reducing the need for customers to pay covered costs upfront and seek reimbursement. Founded in 2000 and headquartered in Seattle, Trupanion serves customers in the United States and Canada.