Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has been given an average recommendation of “Moderate Buy” by the four ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.75.

A number of brokerages recently commented on TRUP. Canaccord Genuity Group dropped their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Piper Sandler dropped their price target on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Stifel Nicolaus increased their price target 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 dropped their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th.

Trupanion Stock Performance

NASDAQ:TRUP opened at $24.87 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 12-month low of $18.45 and a 12-month high of $36.66. The stock has a 50-day moving average price of $25.39 and a 200 day moving average price of $26.68. The stock has a market capitalization of $1.05 billion, a P/E ratio of -38.86 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (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 firm had revenue of $306.12 million during the quarter, compared to analysts’ expectations of $300.51 million. During the same quarter last year, the business posted ($0.60) earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. Equities research analysts forecast that Trupanion will post -0.43 EPS for the current fiscal year.

Insider Activity

In related news, CEO Darryl Rawlings acquired 20,700 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the purchase, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at $14,842,285.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Darryl Rawlings acquired 20,700 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the purchase, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at $14,842,285.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total value of $79,187.50. Following the completion of the sale, the senior vice president now directly owns 19,830 shares of the company’s stock, valued at $502,492.20. The disclosure for this sale can be found here. Corporate insiders own 5.81% of the company’s stock.

Institutional Investors Weigh In On Trupanion

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System lifted its stake in shares of Trupanion by 12.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,726 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 1,420 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Trupanion by 33.8% during the 1st quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock worth $3,352,000 after acquiring an additional 30,645 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Trupanion during the 1st quarter worth approximately $473,000. SG Americas Securities LLC lifted its stake in shares of Trupanion by 45.0% during the 1st quarter. SG Americas Securities LLC now owns 27,292 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 8,473 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in shares of Trupanion by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 561 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.