Trupanion (NASDAQ:TRUP) Price Target Raised to $30.00

Trupanion (NASDAQ:TRUP) had its price objective boosted by Piper Sandler from $22.00 to $30.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

TRUP has been the topic of a number of other research reports. Bank of America upgraded Trupanion from a neutral rating to a buy rating and lifted their target price for the company from $35.00 to $49.00 in a research report on Thursday, May 16th. Canaccord Genuity Group cut their price objective on Trupanion from $40.00 to $34.00 and set a buy rating on the stock in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $34.40.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $29.40 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $1.23 billion, a PE ratio of -45.94 and a beta of 1.82. The business has a 50-day simple moving average of $27.19 and a two-hundred day simple moving average of $27.57. Trupanion has a fifty-two week low of $18.45 and a fifty-two week high of $36.66.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $306.12 million during the quarter, compared to the consensus estimate of $300.51 million. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.60) earnings per share. As a group, equities analysts expect that Trupanion will post -0.46 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the sale, the executive vice president now owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Steve Weinrauch sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the transaction, the executive vice president now owns 55,896 shares in the company, valued at $1,640,547.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Darryl Rawlings purchased 20,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the purchase, the chief executive officer now owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The disclosure for this purchase can be found here. Insiders sold a total of 5,325 shares of company stock valued at $144,586 over the last three months. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Trupanion

Several institutional investors and hedge funds have recently bought and sold shares of TRUP. Sivia Capital Partners LLC bought a new position in shares of Trupanion during the fourth quarter valued at approximately $31,398,000. 8 Knots Management LLC bought a new position in Trupanion in the 4th quarter worth approximately $21,165,000. Wellington Management Group LLP grew its holdings 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 worth $74,862,000 after buying an additional 630,155 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in Trupanion in the 3rd quarter worth approximately $4,712,000. Finally, GSA Capital Partners LLP grew its holdings in Trupanion by 376.5% in the 1st quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock worth $2,210,000 after buying an additional 63,247 shares in the last quarter.

Trupanion Company Profile

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.