Trupanion (NASDAQ:TRUP) Shares Up 4.8%

Shares of Trupanion, Inc. (NASDAQ:TRUP) rose 4.8% during trading on Thursday . The company traded as high as $22.71 and last traded at $22.70. Approximately 149,464 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 667,485 shares. The stock had previously closed at $21.66.

Analyst Upgrades and Downgrades

TRUP has been the subject of a number of research reports. Piper Sandler decreased their target price on Trupanion from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus lifted their target price on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Evercore ISI reduced their price objective on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.20.

Trupanion Price 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 company has a 50-day moving average price of $26.46 and a 200-day moving average price of $26.93.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.13. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The business had revenue of $295.50 million during the quarter, compared to the consensus estimate of $289.84 million. During the same period in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. On average, analysts predict that Trupanion, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Trupanion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its holdings in Trupanion by 2,500.0% during the first quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 800 shares in the last quarter. Captrust Financial Advisors raised its holdings in Trupanion by 162.6% during the first quarter. Captrust Financial Advisors now owns 893 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 553 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Trupanion by 128.4% during the first quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 584 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Trupanion during the third quarter worth approximately $31,000. Finally, Point72 Hong Kong Ltd bought a new stake in Trupanion during the first quarter worth approximately $153,000.

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.