Trupanion, Inc. (NASDAQ:TRUP) Receives $32.80 Average Target Price from Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUPGet Free Report) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.80.

A number of equities analysts have recently commented on the company. Piper Sandler lowered their price objective on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Evercore ISI lowered their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Bank of America raised Trupanion from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.00 to $49.00 in a report on Thursday, May 16th. Canaccord Genuity Group lowered their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Stifel Nicolaus upped their price target on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 16th.

Get Our Latest Research Report on TRUP

Insider Transactions at Trupanion

In other news, SVP Emily Dreyer sold 3,125 shares of Trupanion stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the transaction, the senior vice president now owns 19,830 shares of the company’s stock, valued at approximately $502,492.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Trupanion news, CEO Darryl Rawlings purchased 20,700 shares of the stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the acquisition, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at $14,842,285.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Dreyer sold 3,125 shares of Trupanion stock in a transaction dated 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 owns 19,830 shares of the company’s stock, valued at approximately $502,492.20. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRUP. Nordea Investment Management AB grew its holdings in shares of Trupanion by 247.4% during the 4th quarter. Nordea Investment Management AB now owns 37,268 shares of the financial services provider’s stock worth $1,126,000 after purchasing an additional 26,540 shares during the period. Liontrust Investment Partners LLP purchased a new stake in shares of Trupanion during the 3rd quarter worth about $829,000. Wellington Management Group LLP grew its holdings in shares of Trupanion by 5.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,823,530 shares of the financial services provider’s stock worth $51,424,000 after purchasing an additional 91,895 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Trupanion by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 292,941 shares of the financial services provider’s stock worth $8,261,000 after purchasing an additional 14,044 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in shares of Trupanion by 10.9% during the 4th quarter. Benjamin Edwards Inc. now owns 20,087 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 1,982 shares during the period.

Trupanion Stock Up 3.1 %

Shares of NASDAQ:TRUP opened at $29.90 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $1.26 billion, a PE ratio of -46.72 and a beta of 1.76. The firm’s 50-day moving average is $25.89 and its two-hundred day moving average is $27.44. Trupanion has a 1 year low of $18.45 and a 1 year high of $36.66.

Trupanion (NASDAQ:TRUPGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. During the same period in the prior year, the firm earned ($0.60) earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts predict that Trupanion will post -0.46 EPS for the current year.

Trupanion Company Profile

(Get Free Report

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.

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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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