Trupanion (NASDAQ:TRUP) Stock Price Down 5.6% – What’s Next?

Trupanion, Inc. (NASDAQ:TRUP)’s share price fell 5.6% during mid-day trading on Monday. The company traded as low as $35.10 and last traded at $34.6860. Approximately 128,435 shares changed hands during trading, a decline of 71% from the average session volume of 438,700 shares. The stock had previously closed at $36.75.

Analyst Ratings Changes

A number of equities analysts have commented on TRUP shares. Atlantic Securities set a $42.00 price objective on shares of Trupanion in a research note on Wednesday, July 15th. Cantor Fitzgerald boosted their target price on shares of Trupanion from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Finally, Zacks Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Trupanion Trading Down 3.5%

The firm has a market capitalization of $1.48 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The stock’s 50-day moving average price is $27.36 and its 200 day moving average price is $26.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.74 and a quick ratio of 1.74.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Trupanion had a net margin of 1.71% and a return on equity of 6.71%. The firm had revenue of $405.59 million during the quarter, compared to the consensus estimate of $402.53 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, sell-side analysts expect that Trupanion, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity

In related news, CFO Fawwad Qureshi sold 6,111 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total value of $183,391.11. Following the completion of the sale, the chief financial officer directly owned 4,230 shares of the company’s stock, valued at $126,942.30. This represents a 59.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,604 shares of the 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 transaction, the chief operating officer owned 33,742 shares in the company, valued at approximately $1,002,137.40. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 13,068 shares of company stock worth $379,333. Company insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Trupanion

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Trupanion during the second quarter valued at approximately $134,774,000. Bank of America Corp DE bought a new position in Trupanion in the second quarter worth approximately $14,262,000. Renaissancere Holdings Ltd. bought a new position in Trupanion in the second quarter worth approximately $6,514,510. Bank of New York Mellon Corp purchased a new stake in Trupanion during the second quarter worth $4,631,000. Finally, Kopion Asset Management LLC lifted its holdings in Trupanion by 30.9% during the second quarter. Kopion Asset Management LLC now owns 522,999 shares of the financial services provider’s stock worth $12,955,000 after buying an additional 123,308 shares during the period.

Trupanion Company Profile

Trupanion provides medical insurance for cats and dogs, offering coverage for eligible veterinary care. Its products are designed to help pet owners manage unexpected costs from illnesses and injuries, subject to policy terms and exclusions. The company also provides software and payment services that enable participating veterinary practices to submit claims and receive payments directly, reducing the need for customers to pay covered costs upfront and seek reimbursement. Founded in 2000 and headquartered in Seattle, Trupanion serves customers in the United States and Canada.