Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $45.33

Shares of Trupanion, Inc. (NASDAQ:TRUP) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $45.33.

Several research firms have weighed in on TRUP. Bank of America raised their target price on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Northland Securities lifted their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Finally, Piper Sandler lifted their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other news, SVP Emily Dreyer sold 3,100 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the completion of the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at approximately $1,355,233.80. The trade was a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steve Weinrauch sold 11,916 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the transaction, the executive vice president now directly owns 48,978 shares of the company’s stock, valued at approximately $2,595,834. This trade represents a 19.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,597 shares of company stock worth $1,522,082. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of institutional investors and hedge funds have recently bought and sold shares of TRUP. Wellington Management Group LLP raised its holdings in Trupanion by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after buying an additional 142,156 shares during the period. FMR LLC boosted its position in Trupanion by 55,963.7% during the third quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock worth $49,213,000 after purchasing an additional 1,170,202 shares during the period. Marshall Wace LLP boosted its position in shares of Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after acquiring an additional 116,496 shares during the period. DF Dent & Co. Inc. boosted its position in shares of Trupanion by 27.8% in the third quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock valued at $15,443,000 after acquiring an additional 80,014 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Trupanion in the second quarter valued at $4,739,000.

Trupanion Trading Down 5.6 %

Shares of TRUP stock opened at $43.95 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The stock has a market capitalization of $1.86 billion, a P/E ratio of -137.34 and a beta of 1.61. The company has a 50 day moving average price of $51.43 and a 200 day moving average price of $45.07.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. Trupanion’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. Equities research analysts predict that Trupanion will post -0.23 EPS for the current fiscal year.

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.