Trupanion (NASDAQ:TRUP) PT Raised to $45.00 at Piper Sandler

Trupanion (NASDAQ:TRUP) had its price objective increased by Piper Sandler from $38.00 to $45.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price points to a potential upside of 8.80% from the stock’s current price.

Several other equities research analysts also recently weighed in on TRUP. Bank of America increased their price target on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. William Blair started coverage on shares of Trupanion in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Stifel Nicolaus increased their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Northland Securities boosted their target price on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, September 19th. Finally, Evercore ISI raised Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trupanion currently has an average rating of “Moderate Buy” and a consensus target price of $41.83.

Trupanion Stock Up 0.7 %

Shares of NASDAQ:TRUP opened at $41.36 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $1.74 billion, a P/E ratio of -64.63 and a beta of 1.74. Trupanion has a 1-year low of $19.14 and a 1-year high of $49.14. The firm has a fifty day moving average price of $42.04 and a 200 day moving average price of $32.54.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $314.80 million for the quarter, compared to analyst estimates of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.33) earnings per share. Sell-side analysts predict that Trupanion will post -0.34 EPS for the current year.

Insider Activity

In related news, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the sale, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. The disclosure for this sale can be found here. In the last three months, insiders sold 8,764 shares of company stock worth $405,238. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Trupanion by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after purchasing an additional 32,485 shares during the last quarter. Wellington Management Group LLP lifted its stake in Trupanion by 34.6% in the 4th quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after buying an additional 630,155 shares in the last quarter. 8 Knots Management LLC grew its holdings in Trupanion by 87.0% during the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after buying an additional 603,775 shares during the last quarter. Marshall Wace LLP increased its position 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 in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Trupanion in the second quarter worth $4,739,000.

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.