Trupanion (NASDAQ:TRUP) Hits New 1-Year Low – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.37 and last traded at $21.9660, with a volume of 19724 shares traded. The stock had previously closed at $22.08.

Analyst Ratings Changes

Several analysts have issued reports on TRUP shares. Stifel Nicolaus decreased their price objective on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Bank of America decreased their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings downgraded shares of Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Zacks Research downgraded shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Cantor Fitzgerald decreased their price target on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.25.

Trupanion Stock Down 1.0%

The company’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $31.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $953.10 million, a PE ratio of 36.84 and a beta of 1.49.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $384.05 million for the quarter, compared to analyst estimates of $379.77 million. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, analysts forecast that Trupanion, Inc. will post 0.53 EPS for the current year.

Insider Activity

In other news, COO John R. Gallagher sold 5,283 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $26.52, for a total transaction of $140,105.16. Following the sale, the chief operating officer directly owned 32,387 shares of the company’s stock, valued at $858,903.24. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Emily Dreyer sold 7,792 shares of the business’s 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 in the company, valued at $1,002,900.05. This trade represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,503 shares of company stock valued at $578,537 over the last ninety days. 5.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. Royal Bank of Canada lifted its position in Trupanion by 60.6% during the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 11,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Trupanion by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 858 shares during the period. Millennium Management LLC lifted its position in Trupanion by 73.5% during the first quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock valued at $9,987,000 after purchasing an additional 113,490 shares during the period. Invesco Ltd. lifted its position in Trupanion by 35.1% during the second quarter. Invesco Ltd. now owns 187,749 shares of the financial services provider’s stock valued at $10,392,000 after purchasing an additional 48,781 shares during the period. Finally, Gabelli Funds LLC acquired a new position in Trupanion during the second quarter valued at $249,000.

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.