Trupanion (NASDAQ:TRUP) Hits New 12-Month High – What’s Next?

Trupanion, Inc. (NASDAQ:TRUP) shares reached a new 52-week high on Thursday . The stock traded as high as $54.15 and last traded at $53.76, with a volume of 15921 shares traded. The stock had previously closed at $53.50.

Wall Street Analyst Weigh In

TRUP has been the topic of several analyst reports. William Blair began coverage on Trupanion in a report on Friday, July 19th. They set an “outperform” rating on the stock. Northland Securities raised their target price on shares of Trupanion from $35.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Stifel Nicolaus lifted their target price on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Finally, Bank of America lifted their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.83.

Trupanion Stock Performance

The firm’s fifty day moving average price is $44.93 and its 200-day moving average price is $34.23. The company has a market cap of $2.31 billion, a P/E ratio of -121.86 and a beta of 1.73. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The firm had revenue of $314.80 million for the quarter, compared to analyst estimates of $309.33 million. During the same period in the previous year, the company posted ($0.33) earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, research analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 640 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,764 shares of company stock worth $405,238. 5.50% of the stock is owned by corporate insiders.

Institutional Trading of Trupanion

Several institutional investors have recently bought and sold shares of TRUP. ProShare Advisors LLC lifted its holdings in shares of Trupanion by 33.8% during the first quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock valued at $3,352,000 after acquiring an additional 30,645 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Trupanion during the 1st quarter valued at about $473,000. Renaissance Technologies LLC bought a new position in Trupanion during the 2nd quarter valued at about $4,739,000. Marshall Wace LLP grew its stake in Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after buying an additional 116,496 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after buying an additional 630,155 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.