Trupanion (NASDAQ:TRUP) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Trupanion (NASDAQ:TRUP) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), Zacks reports. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%.

Trupanion Stock Down 2.4 %

Shares of TRUP traded down $1.18 during trading hours on Wednesday, reaching $47.51. The stock had a trading volume of 668,659 shares, compared to its average volume of 508,901. The firm has a 50-day simple moving average of $48.54 and a 200 day simple moving average of $47.98. Trupanion has a 12 month low of $19.69 and a 12 month high of $57.90. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -148.47, a P/E/G ratio of 8.66 and a beta of 1.60.

Analyst Ratings Changes

TRUP has been the topic of a number of recent analyst reports. Piper Sandler raised Trupanion from a “neutral” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their price target on Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Northland Securities raised their price objective on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.33.

Insider Buying and Selling at Trupanion

In related news, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at $1,355,233.80. The trade was a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total value of $523,740.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,597 shares of company stock worth $1,416,742. 5.50% of the stock is owned by corporate insiders.

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.