Trupanion, Inc. (NASDAQ:TRUP – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Friday after Evercore ISI lowered their price target on the stock from $68.00 to $59.00. The company traded as low as $38.37 and last traded at $39.79, with a volume of 322215 shares. The stock had previously closed at $41.19.
Several other brokerages have also weighed in on TRUP. Lake Street Capital increased their target price on Trupanion from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Canaccord Genuity Group raised their target price on Trupanion from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. StockNews.com started coverage on Trupanion in a research note on Thursday, March 16th. They set a “sell” rating for the company. Finally, Piper Sandler raised their target price on Trupanion from $53.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.78.
Insider Activity at Trupanion
In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $48.54, for a total value of $194,160.00. Following the sale, the chief executive officer now owns 857,109 shares of the company’s stock, valued at approximately $41,604,070.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Howard E. Rubin sold 3,500 shares of Trupanion stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $58.85, for a total transaction of $205,975.00. Following the sale, the director now owns 227,855 shares of the company’s stock, valued at approximately $13,409,266.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $48.54, for a total value of $194,160.00. Following the sale, the chief executive officer now directly owns 857,109 shares in the company, valued at approximately $41,604,070.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,100 shares of company stock valued at $1,442,627. Corporate insiders own 5.86% of the company’s stock.
Hedge Funds Weigh In On Trupanion
Hedge funds and other institutional investors have recently modified their holdings of the stock. Kopion Asset Management LLC bought a new position in shares of Trupanion during the 3rd quarter worth approximately $3,388,000. Raymond James & Associates raised its position in Trupanion by 6.2% in the 3rd quarter. Raymond James & Associates now owns 18,703 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 1,098 shares during the last quarter. BlackRock Inc. raised its position in Trupanion by 1.5% in the 3rd quarter. BlackRock Inc. now owns 5,573,284 shares of the financial services provider’s stock valued at $331,221,000 after purchasing an additional 79,943 shares during the last quarter. Eschler Asset Management LLP raised its position in Trupanion by 14.9% in the 2nd quarter. Eschler Asset Management LLP now owns 15,971 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 2,073 shares during the last quarter. Finally, Duality Advisers LP bought a new position in Trupanion in the 3rd quarter valued at $958,000. Institutional investors own 97.55% of the company’s stock.
Trupanion Trading Down 4.2 %
The company has a 50-day simple moving average of $56.72 and a 200-day simple moving average of $55.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $1.62 billion, a P/E ratio of -37.45 and a beta of 1.75.
Trupanion (NASDAQ:TRUP – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.07. The firm had revenue of $246.01 million during the quarter, compared to the consensus estimate of $242.28 million. Trupanion had a negative return on equity of 14.25% and a negative net margin of 4.94%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. On average, sell-side analysts forecast that Trupanion, Inc. will post -0.98 EPS for the current fiscal year.
About Trupanion
Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the Subscription Business and Other Business. The Subscription Business segment is involved in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members.