Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Free Report) traded down 6.3% during trading on Wednesday after Evercore ISI lowered their price target on the stock from $35.00 to $31.00. Evercore ISI currently has an outperform rating on the stock. Trupanion traded as low as $22.86 and last traded at $22.86. 188,938 shares were traded during mid-day trading, a decline of 75% from the average session volume of 743,904 shares. The stock had previously closed at $24.39.
TRUP has been the subject of a number of other reports. StockNews.com upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Sandler decreased their price objective on shares of Trupanion from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Finally, Stifel Nicolaus upped their price objective on shares of Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.17.
Insider Buying and Selling
In related news, EVP Steve Weinrauch sold 10,170 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $26.11, for a total value of $265,538.70. Following the completion of the transaction, the executive vice president now directly owns 32,651 shares in the company, valued at approximately $852,517.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Steve Weinrauch sold 10,170 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $26.11, for a total transaction of $265,538.70. Following the sale, the executive vice president now directly owns 32,651 shares of the company’s stock, valued at approximately $852,517.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Melissa Joy Hewitt sold 1,213 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $26.27, for a total transaction of $31,865.51. Following the sale, the insider now directly owns 4,999 shares in the company, valued at approximately $131,323.73. The disclosure for this sale can be found here. 5.81% of the stock is owned by company insiders.
Institutional Investors Weigh In On Trupanion
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new stake in Trupanion during the 3rd quarter worth approximately $31,000. Belpointe Asset Management LLC raised its stake in Trupanion by 2,500.0% during the 1st quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 800 shares during the period. PNC Financial Services Group Inc. raised its stake in Trupanion by 61.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,057 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 782 shares during the period. Tower Research Capital LLC TRC raised its stake in Trupanion by 128.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 584 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Trupanion by 8,339.4% during the second quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider’s stock valued at $55,000 after buying an additional 2,752 shares during the last quarter.
Trupanion Stock Performance
The stock has a market cap of $950.02 million, a P/E ratio of -21.17 and a beta of 1.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.61. The firm’s 50-day moving average price is $29.35 and its 200-day moving average price is $27.83.
Trupanion (NASDAQ:TRUP – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.13. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The firm had revenue of $295.50 million for the quarter, compared to analysts’ expectations of $289.84 million. During the same quarter last year, the business posted ($0.23) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts expect that Trupanion, Inc. will post -0.5 earnings per share for the current fiscal year.
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, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.