Trupanion (NASDAQ:TRUP) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Trupanion (NASDAQ:TRUP) had its price objective boosted by Stifel Nicolaus from $42.00 to $44.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

TRUP has been the topic of a number of other reports. Northland Securities lifted their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Bank of America upped their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trupanion currently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

Trupanion Stock Performance

NASDAQ TRUP opened at $46.58 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of -145.56 and a beta of 1.61. Trupanion has a 1 year low of $19.69 and a 1 year high of $57.90. The company has a fifty day moving average of $51.80 and a two-hundred day moving average of $44.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. During the same period in the previous year, the business posted ($0.10) earnings per share. Trupanion’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, analysts expect that Trupanion will post -0.23 earnings per share for the current year.

Insider Activity

In other news, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the transaction, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the transaction, the chief financial officer now directly owns 9,867 shares in the company, valued at $519,102.87. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,597 shares of company stock worth $1,522,082 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings 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 buying an additional 1,170,202 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Trupanion in the second quarter valued at about $4,739,000. Wellington Management Group LLP increased its stake in shares of 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 purchasing an additional 142,156 shares during the last quarter. Marshall Wace LLP lifted 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 worth $32,181,000 after buying an additional 116,496 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its holdings in Trupanion by 27.8% during 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 purchasing an additional 80,014 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.