Cantor Fitzgerald Issues Pessimistic Forecast for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP) had its price target lowered by equities researchers at Cantor Fitzgerald from $42.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 34.18% from the company’s previous close.

Several other analysts also recently commented on the stock. Weiss Ratings downgraded shares of Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Stifel Nicolaus dropped their price objective on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Zacks Research downgraded shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Piper Sandler dropped their price objective on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.50.

Trupanion Stock Performance

Shares of TRUP stock traded down $0.33 during trading hours on Thursday, hitting $25.34. The company’s stock had a trading volume of 21,962 shares, compared to its average volume of 454,000. The company has a 50 day moving average of $27.80 and a 200 day moving average of $34.72. The stock has a market cap of $1.10 billion, a PE ratio of 56.33 and a beta of 1.66. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27. Trupanion has a 12-month low of $24.32 and a 12-month high of $57.88.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $376.85 million during the quarter, compared to analysts’ expectations of $375.89 million. Trupanion had a net margin of 1.35% and a return on equity of 5.39%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. On average, sell-side analysts forecast that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Emily Dreyer sold 7,792 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.15, for a total transaction of $219,344.80. Following the sale, the executive directly owned 35,627 shares of the company’s stock, valued at approximately $1,002,900.05. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Fawwad Qureshi sold 2,837 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $26.46, for a total transaction of $75,067.02. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,502 shares of company stock valued at $580,315. Corporate insiders own 5.42% of the company’s stock.

Institutional Trading of Trupanion

A number of hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in Trupanion during the fourth quarter worth $380,000. Susquehanna Fundamental Investments LLC raised its position in Trupanion by 216.7% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 66,368 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 45,412 shares during the period. Inspire Investing LLC raised its position in Trupanion by 20.4% during the fourth quarter. Inspire Investing LLC now owns 12,624 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 2,137 shares during the period. Engineers Gate Manager LP raised its position in Trupanion by 11.1% during the fourth quarter. Engineers Gate Manager LP now owns 130,791 shares of the financial services provider’s stock worth $4,888,000 after acquiring an additional 13,015 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Trupanion during the fourth quarter worth $496,000.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.