Seven Eight Capital LP Has $646,000 Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Seven Eight Capital LP cut its stake in Trupanion, Inc. (NASDAQ:TRUP) by 49.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,388 shares of the financial services provider’s stock after selling 22,475 shares during the period. Seven Eight Capital LP owned approximately 0.06% of Trupanion worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted 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 buying an additional 30,645 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Trupanion during the 1st quarter worth about $473,000. 8 Knots Management LLC acquired a new position in shares of Trupanion during the 4th quarter worth about $21,165,000. Nordea Investment Management AB boosted its stake 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 buying an additional 26,540 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Trupanion during the 4th quarter worth about $67,000.

Analysts Set New Price Targets

A number of research firms have recently commented on TRUP. Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $49.00 in a research note on Thursday, May 16th. Piper Sandler raised their target price on shares of Trupanion from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. William Blair assumed coverage on shares of Trupanion in a research note on Friday, July 19th. They issued an “outperform” rating for the company. Finally, Canaccord Genuity Group cut their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.40.

Trupanion Stock Performance

Trupanion stock traded down $1.39 during trading hours on Wednesday, hitting $32.53. The company had a trading volume of 573,442 shares, compared to its average volume of 697,507. The firm has a market cap of $1.37 billion, a PE ratio of -49.72 and a beta of 1.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62. Trupanion, Inc. has a one year low of $19.14 and a one year high of $36.66. The firm has a 50-day moving average of $29.43 and a 200 day moving average of $27.58.

Trupanion (NASDAQ:TRUP) last announced its 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 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 analysts’ expectations of $300.51 million. During the same period last year, the firm earned ($0.60) earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, sell-side analysts expect that Trupanion, Inc. will post -0.46 earnings per share for the current year.

Insider Transactions at Trupanion

In other news, CEO Darryl Rawlings acquired 20,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the completion of the purchase, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Darryl Rawlings acquired 20,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the completion of the purchase, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Emily Dreyer sold 3,125 shares of Trupanion stock in a transaction that occurred on 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 in the company, valued at $502,492.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,325 shares of company stock valued at $144,586. 5.50% of the stock is currently owned by company insiders.

Trupanion 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.