Trupanion (NASDAQ:TRUP) Shares Gap Up to $26.08

Shares of Trupanion, Inc. (NASDAQ:TRUP) gapped up prior to trading on Tuesday . The stock had previously closed at $26.08, but opened at $26.96. Trupanion shares last traded at $27.27, with a volume of 68,127 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TRUP shares. Stifel Nicolaus lifted their price target on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Piper Sandler reduced their price objective on shares of Trupanion from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 16th. Finally, Evercore ISI reduced their price objective on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Four 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.com, Trupanion currently has an average rating of “Hold” and a consensus target price of $39.17.

Trupanion Stock Performance

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $27.66 and its two-hundred day moving average price is $27.32.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.05) 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 company had revenue of $295.50 million for the quarter, compared to analyst estimates of $289.84 million. During the same period in the prior year, the company earned ($0.23) earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. Sell-side analysts anticipate that Trupanion, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Trupanion

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Trupanion by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,986,175 shares of the financial services provider’s stock worth $236,899,000 after acquiring an additional 57,855 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Trupanion by 34.6% during the 4th quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after acquiring an additional 630,155 shares in the last quarter. State Street Corp boosted its stake in shares of Trupanion by 0.7% during the 1st quarter. State Street Corp now owns 1,405,434 shares of the financial services provider’s stock worth $60,279,000 after acquiring an additional 9,488 shares in the last quarter. Polar Capital Holdings Plc boosted its holdings in Trupanion by 13.6% in the 2nd quarter. Polar Capital Holdings Plc now owns 1,250,000 shares of the financial services provider’s stock worth $24,600,000 after buying an additional 150,000 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Trupanion by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,099,795 shares of the financial services provider’s stock worth $98,014,000 after buying an additional 3,204 shares during the last quarter.

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