Trupanion (NASDAQ:TRUP) Stock Price Down 5.2% – Time to Sell?

Trupanion, Inc. (NASDAQ:TRUP)’s stock price dropped 5.2% on Tuesday . The company traded as low as $23.86 and last traded at $23.7020. Approximately 64,731 shares were traded during trading, a decline of 85% from the average daily volume of 438,667 shares. The stock had previously closed at $25.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRUP. Stifel Nicolaus lifted their price objective on Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings cut Trupanion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 10th. Atlantic Securities set a $42.00 price target on shares of Trupanion in a report on Wednesday, July 15th. Finally, Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trupanion has an average rating of “Hold” and a consensus target price of $39.20.

Trupanion Trading Down 4.8%

The business has a 50 day moving average price of $27.30 and a 200-day moving average price of $25.72. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 44.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.45.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The business had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Trupanion, Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In other news, COO John Gallagher sold 3,604 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the sale, the chief operating officer directly owned 33,742 shares in the company, valued at $1,002,137.40. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Margaret Tooth sold 978 shares of Trupanion stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total value of $28,410.90. Following the sale, the chief executive officer directly owned 175,401 shares in the company, valued at approximately $5,095,399.05. The trade was a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,046 shares of company stock valued at $381,210 in the last ninety days. Insiders own 5.58% of the company’s stock.

Institutional Trading of Trupanion

Several institutional investors have recently added to or reduced their stakes in TRUP. BlackRock Inc. bought a new stake in Trupanion in the second quarter valued at about $134,774,000. Polar Capital Holdings Plc raised its position in shares of Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock valued at $55,121,000 after acquiring an additional 175,000 shares in the last quarter. Greenlea Lane Capital Management LLC raised its position in shares of Trupanion by 1.6% during the 4th quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock valued at $29,017,000 after acquiring an additional 12,395 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Trupanion by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider’s stock worth $17,981,000 after purchasing an additional 95,064 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Trupanion during the second quarter worth $14,262,000.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical coverage for cats and dogs. Its subscription-based policies are designed to help pet owners manage the cost of eligible veterinary care, including coverage for unexpected illnesses and injuries. Depending on the policy and jurisdiction, coverage may include diagnostic tests, surgeries, hospital stays and prescription medications, subject to applicable terms, exclusions and deductibles.

The company also develops technology intended to simplify the relationship between pet owners, veterinarians and insurers.