Trupanion (NASDAQ:TRUP) Stock Price Up 5.8%

Trupanion, Inc. (NASDAQ:TRUP)’s share price rose 5.8% on Wednesday . The company traded as high as $26.88 and last traded at $26.73. Approximately 54,534 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 945,540 shares. The stock had previously closed at $25.26.

Wall Street Analysts Forecast Growth

TRUP has been the subject of a number of research reports. StockNews.com raised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Sandler reduced their price target on shares of Trupanion from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.14.

Trupanion Stock Up 1.5 %

The business’s fifty day moving average price is $25.44 and its 200 day moving average price is $25.96. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Insider Transactions at Trupanion

In other news, Director Michael Doak sold 8,688 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $29.99, for a total transaction of $260,553.12. Following the completion of the transaction, the director now directly owns 5,866 shares of the company’s stock, valued at approximately $175,921.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Trupanion

Several institutional investors have recently added to or reduced their stakes in TRUP. Capital International Investors lifted its holdings in Trupanion by 159.8% during the 2nd quarter. Capital International Investors now owns 3,232,347 shares of the financial services provider’s stock valued at $63,613,000 after purchasing an additional 1,988,386 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Trupanion by 122.8% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,601,998 shares of the financial services provider’s stock valued at $68,710,000 after purchasing an additional 882,811 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Trupanion by 123.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 110,222 shares of the financial services provider’s stock valued at $6,643,000 after purchasing an additional 576,020 shares during the last quarter. Bank of America Corp DE lifted its holdings in Trupanion by 315.5% during the 1st quarter. Bank of America Corp DE now owns 654,008 shares of the financial services provider’s stock valued at $28,050,000 after purchasing an additional 496,619 shares during the last quarter. Finally, Norges Bank acquired a new stake in Trupanion in the 4th quarter valued at about $17,687,000.

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, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.