Trupanion (NASDAQ:TRUP) Price Target Raised to $50.00

Trupanion (NASDAQ:TRUP) had its price target raised by analysts at Northland Securities from $45.00 to $50.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Northland Securities’ price objective would indicate a potential downside of 9.01% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus lifted their price objective on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. 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. William Blair assumed coverage on shares of Trupanion in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Bank of America increased their price target on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Evercore ISI raised Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Four 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Trupanion Price Performance

Shares of NASDAQ:TRUP traded down $0.17 during midday trading on Thursday, hitting $54.95. The stock had a trading volume of 580,196 shares, compared to its average volume of 679,570. The company’s 50-day moving average price is $46.73 and its 200-day moving average price is $35.87. The company has a market capitalization of $2.31 billion, a P/E ratio of -86.25 and a beta of 1.73. Trupanion has a fifty-two week low of $19.14 and a fifty-two week high of $57.90. 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 issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the business earned ($0.10) EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts predict that Trupanion will post -0.34 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock valued at $405,238 in the last 90 days. 5.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new position in Trupanion during the first quarter worth about $269,000. GSA Capital Partners LLP raised its holdings in shares of Trupanion by 376.5% during the 1st quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 63,247 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Trupanion by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 561 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Trupanion by 45.0% during the first quarter. SG Americas Securities LLC now owns 27,292 shares of the financial services provider’s stock valued at $754,000 after buying an additional 8,473 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Trupanion in the 1st quarter valued at about $473,000.

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.