Trupanion (NASDAQ:TRUP) Price Target Cut to $22.00 by Analysts at Piper Sandler

Trupanion (NASDAQ:TRUP) had its price target decreased by Piper Sandler from $28.00 to $22.00 in a research report released on Friday, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Evercore ISI lowered their target price on Trupanion from $35.00 to $31.00 and set an outperform rating for the company in a report on Tuesday, February 20th. Stifel Nicolaus upped their target price on Trupanion from $25.00 to $28.00 and gave the stock a hold rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $29.40.

Trupanion Stock Performance

NASDAQ:TRUP opened at $22.51 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. Trupanion has a one year low of $18.45 and a one year high of $36.66. The business’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $26.70.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business had revenue of $306.12 million for the quarter, compared to analysts’ expectations of $300.51 million. During the same quarter in the previous year, the firm posted ($0.60) earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. Research analysts forecast that Trupanion will post -0.43 earnings per share for the current year.

Institutional Trading of Trupanion

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Trupanion in the third quarter worth $261,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Trupanion by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,011 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 2,367 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Trupanion in the third quarter worth $31,000. Nisa Investment Advisors LLC increased its stake in shares of Trupanion by 108.9% in the third quarter. Nisa Investment Advisors LLC now owns 18,930 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 9,869 shares during the last quarter. Finally, Check Capital Management Inc. CA increased its stake in shares of Trupanion by 32.1% in the third quarter. Check Capital Management Inc. CA now owns 22,925 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 5,575 shares during the last quarter.

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