Trupanion (NASDAQ:TRUP) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Trupanion (NASDAQ:TRUP) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.11%. The company had revenue of $337.31 million during the quarter, compared to analyst estimates of $335.41 million.

Trupanion Stock Down 25.5 %

NASDAQ:TRUP opened at $35.40 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -153.91, a price-to-earnings-growth ratio of 8.29 and a beta of 1.60. Trupanion has a one year low of $19.69 and a one year high of $57.90. The stock has a 50-day simple moving average of $48.04 and a 200 day simple moving average of $47.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66.

Insider Buying and Selling

In other Trupanion news, SVP Emily Dreyer sold 900 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the transaction, the senior vice president now owns 23,808 shares of the company’s stock, valued at $1,298,726.40. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Fawwad Qureshi sold 9,867 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.08, for a total transaction of $523,740.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,581 shares of company stock worth $615,159. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TRUP shares. Stifel Nicolaus lowered their price target on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a report on Thursday. Northland Securities raised their target price on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Piper Sandler lowered their target price on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trupanion has an average rating of “Moderate Buy” and a consensus price target of $46.60.

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.