Trupanion (NASDAQ:TRUP) Trading Up 6.5%

Trupanion, Inc. (NASDAQ:TRUP) rose 6.5% on Friday . The company traded as high as $32.59 and last traded at $32.34. Approximately 91,766 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 696,146 shares. The stock had previously closed at $30.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Trupanion from $22.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Bank of America raised shares of Trupanion from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $49.00 in a research note on Thursday, May 16th. Finally, Canaccord Genuity Group cut their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.40.

Trupanion Stock Up 2.4 %

The company has a market cap of $1.31 billion, a price-to-earnings ratio of -50.53 and a beta of 1.77. The firm’s fifty day simple moving average is $28.15 and its 200 day simple moving average is $27.42. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data 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. The company had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.60) earnings per share. Sell-side analysts predict that Trupanion, Inc. will post -0.46 earnings per share for the current year.

Insider Buying and Selling at Trupanion

In related news, EVP Steve Weinrauch sold 1,000 shares of Trupanion stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the sale, the executive vice president now directly owns 55,896 shares in the company, valued at $1,640,547.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Steve Weinrauch sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. Following the sale, the executive vice president now owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Dreyer sold 3,125 shares of the stock in a transaction dated Tuesday, May 7th. The shares were 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 directly owns 19,830 shares of the company’s stock, valued at $502,492.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,325 shares of company stock worth $144,586. 5.50% of the stock is owned by insiders.

Institutional Trading of Trupanion

Several institutional investors and hedge funds have recently made changes to their positions in TRUP. Quest Partners LLC purchased a new position in Trupanion during the fourth quarter worth about $67,000. Victory Capital Management Inc. acquired a new stake in shares of Trupanion in the fourth quarter worth approximately $211,000. Blueshift Asset Management LLC purchased a new stake in Trupanion in the fourth quarter valued at approximately $220,000. Bayesian Capital Management LP acquired a new position in Trupanion during the first quarter worth approximately $253,000. Finally, Capstone Investment Advisors LLC purchased a new position in Trupanion during the first quarter worth approximately $269,000.

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.