Trupanion (NASDAQ:TRUP) Sets New 52-Week Low at $22.30

Trupanion Inc (NASDAQ:TRUP)’s share price reached a new 52-week low on Friday . The stock traded as low as $22.30 and last traded at $22.30, with a volume of 6843 shares. The stock had previously closed at $22.91.

TRUP has been the topic of several recent analyst reports. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada set a $38.00 price objective on shares of Trupanion and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Northland Securities reissued a “buy” rating and set a $40.00 price objective on shares of Trupanion in a research note on Wednesday, July 31st. TheStreet lowered shares of Trupanion from a “c” rating to a “d+” rating in a research note on Tuesday, July 30th. Finally, Craig Hallum lowered shares of Trupanion from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.50.

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s 50 day simple moving average is $25.52 and its two-hundred day simple moving average is $30.94. The stock has a market cap of $846.44 million, a P/E ratio of -745.00 and a beta of 1.46.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. The company had revenue of $92.20 million during the quarter, compared to the consensus estimate of $91.17 million. During the same period in the previous year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, analysts forecast that Trupanion Inc will post -0.12 earnings per share for the current fiscal year.

In other Trupanion news, insider Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $32.59, for a total value of $130,360.00. Following the transaction, the insider now owns 1,515,120 shares of the company’s stock, valued at $49,377,760.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 20,900 shares of company stock worth $581,471. Insiders own 13.61% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Aperio Group LLC bought a new position in Trupanion in the second quarter valued at approximately $166,000. US Bancorp DE raised its holdings in shares of Trupanion by 6.0% in the second quarter. US Bancorp DE now owns 6,145 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 350 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Trupanion in the second quarter valued at approximately $288,000. Global Endowment Management LP acquired a new stake in shares of Trupanion in the second quarter valued at approximately $374,000. Finally, Marshall Wace LLP acquired a new stake in shares of Trupanion in the first quarter valued at approximately $406,000. 96.34% of the stock is currently owned by hedge funds and other institutional investors.

Trupanion Company Profile (NASDAQ:TRUP)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

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