Trupanion, Inc. (NASDAQ:TRUP) Stake Lowered by Verition Fund Management LLC

Verition Fund Management LLC reduced its position in Trupanion, Inc. (NASDAQ:TRUP) by 59.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,032 shares of the financial services provider’s stock after selling 18,918 shares during the period. Verition Fund Management LLC’s holdings in Trupanion were worth $547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC bought a new position in Trupanion during the third quarter valued at approximately $37,000. GAMMA Investing LLC raised its holdings in shares of Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Trupanion in the 2nd quarter valued at $162,000. Entropy Technologies LP bought a new stake in Trupanion in the third quarter worth $202,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of Trupanion in the 3rd quarter valued at approximately $210,000.

Insider Buying and Selling

In other news, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total transaction of $523,740.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares of the company’s stock, valued at approximately $6,926,789.71. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,405 shares of company stock worth $1,512,482 in the last ninety days. Company insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

TRUP has been the subject of several research analyst reports. Piper Sandler boosted their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Bank of America boosted their target price on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Northland Securities raised their target price on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upped their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trupanion presently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Trupanion Trading Up 1.4 %

Shares of TRUP opened at $54.72 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -171.00 and a beta of 1.61. The business’s fifty day moving average is $51.89 and its 200-day moving average is $41.65.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. During the same period in the prior year, the company earned ($0.10) EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts anticipate that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

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.