Trupanion (NASDAQ:TRUP) Hits New 12-Month High – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.99 and last traded at $57.99, with a volume of 2211 shares traded. The stock had previously closed at $56.01.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Northland Securities raised their price objective on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Piper Sandler upped their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America raised their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Trupanion Stock Performance

The firm has a market capitalization of $2.46 billion, a PE ratio of -175.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50-day moving average price of $51.36 and a 200-day moving average price of $41.39.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. On average, research analysts expect that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.08, for a total value of $523,740.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Emily Dreyer sold 900 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $54.55, for a total transaction of $49,095.00. Following the transaction, the senior vice president now owns 23,808 shares of the company’s stock, valued at $1,298,726.40. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,405 shares of company stock valued at $1,512,482. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Several hedge funds and other institutional investors have recently made changes to their positions in TRUP. Louisiana State Employees Retirement System grew its stake 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 worth $535,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after buying an additional 596 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trupanion by 7.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock worth $414,000 after buying an additional 671 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock valued at $1,108,000 after buying an additional 685 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Trupanion during the 3rd quarter valued at $37,000.

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.