Trupanion (NASDAQ:TRUP) Shares Up 6.1% – Time to Buy?

Trupanion, Inc. (NASDAQ:TRUP)’s share price was up 6.1% during mid-day trading on Monday . The stock traded as high as $27.33 and last traded at $27.41. Approximately 186,882 shares were traded during trading, a decline of 56% from the average session volume of 423,422 shares. The stock had previously closed at $25.83.

Analyst Ratings Changes

Several research firms recently weighed in on TRUP. Bank of America reduced their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Cantor Fitzgerald lowered their price objective on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $28.00 price target on Trupanion in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.50.

Trupanion Stock Down 5.7%

The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The firm’s 50 day simple moving average is $23.77 and its 200-day simple moving average is $27.47. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 43.76 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 EPS for the quarter, topping 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 firm had revenue of $384.05 million for the quarter, compared to analysts’ expectations of $379.77 million. During the same period in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts expect that Trupanion, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trupanion news, COO John R. Gallagher sold 3,603 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.69, for a total value of $78,149.07. Following the completion of the transaction, the chief operating officer directly owned 33,065 shares in the company, valued at $717,179.85. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steve Weinrauch sold 6,674 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $22.00, for a total value of $146,828.00. Following the transaction, the executive vice president directly owned 78,062 shares in the company, valued at $1,717,364. This trade represents a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 17,807 shares of company stock worth $395,482. Corporate insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Several large investors have recently made changes to their positions in the stock. Kopion Asset Management LLC grew its stake in shares of Trupanion by 30.9% in the second quarter. Kopion Asset Management LLC now owns 522,999 shares of the financial services provider’s stock valued at $12,955,000 after buying an additional 123,308 shares in the last quarter. Parallel Advisors LLC raised its position in Trupanion by 1,831.9% during the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,722 shares in the last quarter. Liontrust Investment Partners LLP raised its position in Trupanion by 23.8% during the first quarter. Liontrust Investment Partners LLP now owns 60,650 shares of the financial services provider’s stock worth $1,553,000 after acquiring an additional 11,658 shares in the last quarter. California State Teachers Retirement System raised its position in Trupanion by 54.0% during the first quarter. California State Teachers Retirement System now owns 48,288 shares of the financial services provider’s stock worth $1,237,000 after acquiring an additional 16,930 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Trupanion by 165.5% in the first quarter. Quantinno Capital Management LP now owns 24,712 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 15,404 shares during 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.