Trupanion’s (TRUP) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Trupanion (NASDAQ:TRUP) in a report released on Friday, Benzinga reports. The firm currently has a $30.00 price objective on the financial services provider’s stock, up from their previous price objective of $22.00.

Other equities analysts also recently issued research reports about the stock. Piper Sandler raised their price objective on shares of Trupanion from $22.00 to $30.00 and gave the stock a neutral rating in a report on Friday, June 28th. William Blair started coverage on shares of Trupanion in a research report on Friday, July 19th. They set an outperform rating for the company. Canaccord Genuity Group decreased their target price on shares of Trupanion from $40.00 to $34.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Finally, Bank of America upgraded Trupanion from a neutral rating to a buy rating and lifted their price target for the stock from $35.00 to $49.00 in a research report on Thursday, May 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Trupanion currently has a consensus rating of Moderate Buy and an average target price of $36.17.

Trupanion Stock Up 9.3 %

Shares of NASDAQ:TRUP traded up $3.27 on Friday, hitting $38.30. 1,252,686 shares of the company traded hands, compared to its average volume of 711,693. The stock has a 50 day simple moving average of $30.95 and a 200-day simple moving average of $28.23. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.61 billion, a PE ratio of -59.84 and a beta of 1.77. Trupanion has a 52 week low of $19.14 and a 52 week high of $38.80.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the business posted ($0.33) EPS. As a group, research analysts expect that Trupanion will post -0.4 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the sale, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Steve Weinrauch sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the transaction, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $30.04, for a total value of $36,048.00. Following the completion of the sale, the insider now directly owns 6,105 shares of the company’s stock, valued at approximately $183,394.20. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its position in shares of Trupanion by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 500 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Trupanion by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after buying an additional 561 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Trupanion by 1.9% during the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 685 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Trupanion by 2.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after buying an additional 830 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Trupanion by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock valued at $553,000 after buying an additional 948 shares during the last quarter.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.