Trupanion (NASDAQ:TRUP) PT Raised to $40.00 at Stifel Nicolaus

Trupanion (NASDAQ:TRUP) had its price target boosted by Stifel Nicolaus from $30.00 to $40.00 in a report issued on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the financial services provider’s stock.

TRUP has been the subject of several other reports. Piper Sandler boosted their price target on Trupanion from $30.00 to $38.00 and gave the company a neutral rating in a report on Friday, August 9th. Evercore ISI raised shares of Trupanion to a strong-buy rating in a research note on Friday, August 9th. William Blair initiated coverage on shares of Trupanion in a research note on Friday, July 19th. They set an outperform rating for the company. Bank of America boosted their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a buy rating in a research note on Friday, September 20th. Finally, Northland Securities boosted their price objective on shares of Trupanion from $35.00 to $45.00 and gave the company a market perform rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trupanion presently has an average rating of Moderate Buy and an average target price of $40.67.

Trupanion Price Performance

TRUP stock opened at $42.05 on Monday. The firm has a 50 day moving average of $41.04 and a 200-day moving average of $32.00. Trupanion has a 12-month low of $19.14 and a 12-month high of $49.14. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -65.70 and a beta of 1.74.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The firm had revenue of $314.80 million during the quarter, compared to the consensus estimate of $309.33 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts expect that Trupanion will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the sale, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,764 shares of company stock worth $405,238. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in Trupanion in the fourth quarter valued at about $211,000. Charles Schwab Investment Management Inc. increased its stake in Trupanion by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 300,029 shares of the financial services provider’s stock valued at $9,154,000 after acquiring an additional 7,088 shares during the period. Quest Partners LLC bought a new stake in Trupanion in the fourth quarter valued at about $67,000. Blueshift Asset Management LLC acquired a new position in Trupanion in the fourth quarter valued at about $220,000. Finally, Seven Eight Capital LP acquired a new position in Trupanion in the fourth quarter valued at about $1,399,000.

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.