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

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

A number of other equities research analysts also recently weighed in on the company. William Blair assumed coverage on Trupanion in a research report on Friday, July 19th. They issued an outperform rating for the company. Evercore ISI raised Trupanion to a strong-buy rating in a research note on Friday, August 9th. Northland Securities lifted their target price on Trupanion from $35.00 to $45.00 and gave the stock a market perform rating in a report on Thursday, September 19th. Bank of America upped their price target on shares of Trupanion from $47.00 to $56.00 and gave the company a buy rating in a report on Friday, September 20th. Finally, Piper Sandler lifted their price objective on shares of Trupanion from $30.00 to $38.00 and gave the stock a neutral rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $40.67.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $42.72 on Monday. The stock has a market cap of $1.80 billion, a P/E ratio of -66.75 and a beta of 1.74. The firm’s 50-day simple moving average is $41.04 and its 200 day simple moving average is $32.00. Trupanion has a fifty-two week low of $19.14 and a fifty-two week high of $49.14. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42.

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

Insider Activity at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. The disclosure for this sale can be found here. Insiders sold 8,764 shares of company stock worth $405,238 in the last quarter. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

Several hedge funds have recently bought and sold shares of TRUP. Quest Partners LLC purchased a new stake in Trupanion in the 4th quarter worth approximately $67,000. Headlands Technologies LLC acquired a new position in shares of Trupanion in the second quarter worth $162,000. Victory Capital Management Inc. purchased a new stake in shares of Trupanion during the fourth quarter worth $211,000. Blueshift Asset Management LLC acquired a new stake in Trupanion during the fourth quarter valued at $220,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Trupanion during the second quarter valued at $235,000.

Trupanion Company Profile

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.