Trupanion, Inc. (NASDAQ:TRUP) Receives Average Rating of “Hold” from Analysts

Trupanion, Inc. (NASDAQ:TRUP) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.50.

TRUP has been the topic of several analyst reports. Weiss Ratings upgraded Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Piper Sandler decreased their target price on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus reduced their price target on Trupanion from $38.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, February 13th.

Trupanion Stock Performance

Shares of NASDAQ:TRUP opened at $29.06 on Monday. The firm has a 50 day moving average of $34.03 and a 200 day moving average of $39.45. The company has a quick ratio of 1.71, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 64.58 and a beta of 1.58. Trupanion has a 52 week low of $27.30 and a 52 week high of $57.88.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company 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 company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Trupanion

In other news, CEO Margaret Tooth sold 9,803 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.31, for a total transaction of $346,143.93. Following the transaction, the chief executive officer owned 151,899 shares in the company, valued at $5,363,553.69. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 6,202 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total transaction of $219,860.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,853 shares of company stock valued at $1,181,863 in the last ninety days. Corporate insiders own 5.42% of the company’s stock.

Institutional Trading of Trupanion

Several large investors have recently bought and sold shares of the stock. Polar Capital Holdings Plc raised its holdings in shares of Trupanion by 13.5% in the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after buying an additional 175,000 shares during the last quarter. State Street Corp increased its position in shares of Trupanion by 2.2% in the 4th quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock valued at $48,244,000 after acquiring an additional 27,385 shares during the period. Marshall Wace LLP raised its stake in Trupanion by 4.5% in the 4th quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock worth $47,358,000 after acquiring an additional 55,111 shares during the last quarter. Geode Capital Management LLC raised its stake in Trupanion by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 860,988 shares of the financial services provider’s stock worth $47,662,000 after acquiring an additional 56,671 shares during the last quarter. Finally, Greenlea Lane Capital Management LLC lifted its position in 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 worth $29,017,000 after acquiring an additional 12,395 shares during the period.

Trupanion Company Profile

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.