Trupanion, Inc. (NASDAQ:TRUP) Receives $45.50 Average Target Price from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $45.50.

TRUP has been the topic of a number of analyst reports. Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Wall Street Zen downgraded Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Cantor Fitzgerald cut their target price on Trupanion from $50.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Piper Sandler reduced their target price on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Finally, Stifel Nicolaus lowered their price target on shares of Trupanion from $38.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, February 13th.

Trupanion Trading Up 0.7%

NASDAQ:TRUP opened at $29.06 on Monday. Trupanion has a one year low of $27.30 and a one year high of $57.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $1.26 billion, a P/E ratio of 64.58 and a beta of 1.58. The firm has a 50-day simple moving average of $34.03 and a 200-day simple moving average of $39.33.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $376.85 million for the quarter, compared to the consensus estimate of $375.89 million. Trupanion had a net margin of 1.35% and a return on equity of 5.39%. Trupanion’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share. Equities analysts anticipate that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 9,605 shares of Trupanion 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 transaction, the chief executive officer directly owned 150,294 shares of the company’s stock, valued at approximately $5,693,136.72. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John R. Gallagher sold 6,383 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the transaction, the chief operating officer directly owned 32,721 shares in the company, valued at approximately $1,139,345.22. The trade was a 16.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,853 shares of company stock worth $1,181,863 over the last three months. Corporate insiders own 5.42% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several institutional investors have recently added to or reduced their stakes in TRUP. Royal Bank of Canada increased its holdings in shares of Trupanion by 60.6% during the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 11,233 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 purchasing an additional 858 shares during the last quarter. Millennium Management LLC increased its stake in Trupanion by 73.5% during the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock valued at $9,987,000 after purchasing an additional 113,490 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Trupanion by 1.8% in the second quarter. Yousif Capital Management LLC now owns 12,580 shares of the financial services provider’s stock worth $696,000 after buying an additional 226 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Trupanion during the second quarter worth $240,000.

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.