Trupanion (NASDAQ:TRUP) Raised to Strong-Buy at Zacks Research

Trupanion (NASDAQ:TRUP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Stifel Nicolaus dropped their price objective on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Finally, Piper Sandler cut their price objective on Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.25.

Trupanion Trading Down 2.0%

Shares of TRUP opened at $35.78 on Tuesday. Trupanion has a twelve month low of $31.00 and a twelve month high of $57.88. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.55 billion, a P/E ratio of 99.39 and a beta of 1.58. The firm’s 50-day moving average is $37.41 and its two-hundred day moving average is $43.67.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.76). The firm had revenue of $366.92 million for the quarter, compared to analysts’ expectations of $361.58 million. Trupanion had a return on equity of 4.48% and a net margin of 1.10%.Trupanion’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. On average, research analysts predict that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, COO John R. Gallagher sold 6,383 shares of Trupanion stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $34.82, for a total value of $222,256.06. Following the completion of the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. The trade was a 16.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret Tooth sold 9,605 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $37.88, for a total value of $363,837.40. Following the completion of the transaction, the chief executive officer owned 150,294 shares of the company’s stock, valued at $5,693,136.72. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,307 shares of company stock worth $1,556,742 over the last ninety days. 5.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Trupanion by 60.6% in the 1st quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 11,233 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Trupanion by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock worth $731,000 after acquiring an additional 858 shares during the period. Millennium Management LLC boosted its position in shares of Trupanion by 73.5% in the first quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after acquiring an additional 113,490 shares during the last quarter. Inspire Investing LLC grew its holdings in Trupanion by 11.3% in the first quarter. Inspire Investing LLC now owns 9,292 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 940 shares during the period. Finally, Lake Hills Wealth Management LLC acquired a new position in Trupanion during the second quarter worth approximately $204,000.

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.