Trupanion (NASDAQ:TRUP) Trading Up 6.4% – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP)’s stock price was up 6.4% on Wednesday . The company traded as high as $23.83 and last traded at $23.59. Approximately 112,275 shares traded hands during trading, a decline of 74% from the average daily volume of 427,876 shares. The stock had previously closed at $22.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRUP shares. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Bank of America lowered their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Stifel Nicolaus lowered their price objective on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Piper Sandler lowered their price objective on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.25.

Trupanion Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $1.02 billion, a PE ratio of 39.47 and a beta of 1.45. The company’s 50-day simple moving average is $24.29 and its 200 day simple moving average is $29.33.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The company had revenue of $384.05 million during the quarter, compared to analysts’ expectations of $379.77 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Trupanion, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $22.00, for a total value of $146,828.00. Following the completion of the transaction, the executive vice president owned 78,062 shares of the company’s stock, valued at $1,717,364. This trade represents a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Fawwad Qureshi sold 6,177 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total transaction of $137,005.86. Following the completion of the sale, the chief financial officer owned 2,081 shares in the company, valued at $46,156.58. The trade was a 74.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 17,806 shares of company stock valued at $395,508 in the last 90 days. Company insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Polar Capital Holdings Plc raised its holdings in shares of Trupanion by 13.5% in the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock valued at $55,121,000 after purchasing an additional 175,000 shares in the last quarter. State Street Corp raised its holdings in shares of Trupanion by 2.2% in the 4th quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock valued at $48,244,000 after purchasing an additional 27,385 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Trupanion by 4.5% in the 4th quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock valued at $47,358,000 after purchasing an additional 55,111 shares in the last quarter. Greenlea Lane Capital Management LLC raised its holdings in shares of Trupanion by 1.6% in the 4th quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock valued at $29,017,000 after purchasing an additional 12,395 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Trupanion by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider’s stock valued at $17,981,000 after purchasing an additional 95,064 shares in the last quarter.

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.