Trupanion (NASDAQ:TRUP) Price Target Raised to $45.00

Trupanion (NASDAQ:TRUP) had its target price raised by Northland Securities from $35.00 to $45.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Several other research firms have also weighed in on TRUP. Stifel Nicolaus reissued a hold rating and issued a $30.00 target price (up previously from $22.00) on shares of Trupanion in a report on Friday, August 9th. Evercore ISI upgraded Trupanion to a strong-buy rating in a research report on Friday, August 9th. Piper Sandler upped their price objective on Trupanion from $30.00 to $38.00 and gave the company a neutral rating in a research report on Friday, August 9th. Finally, William Blair initiated coverage on Trupanion in a research report on Friday, July 19th. They issued an outperform rating on the stock. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trupanion has an average rating of Moderate Buy and a consensus target price of $39.00.

Trupanion Trading Up 1.9 %

Shares of TRUP stock opened at $42.80 on Thursday. The business’s fifty day moving average price is $40.56 and its 200 day moving average price is $31.75. Trupanion has a 1-year low of $19.14 and a 1-year high of $49.14. The firm has a market capitalization of $1.80 billion, a PE ratio of -66.88 and a beta of 1.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company 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%. Trupanion’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) earnings per share. As a group, sell-side analysts forecast that Trupanion will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 8,764 shares of company stock worth $405,238. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new stake in shares of Trupanion in the second quarter valued at about $294,000. AQR Capital Management LLC grew its stake in shares of Trupanion by 173.8% in the second quarter. AQR Capital Management LLC now owns 43,553 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 27,644 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Trupanion by 7.3% in the second quarter. Public Sector Pension Investment Board now owns 79,555 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 5,405 shares in the last quarter. Finally, Dalton Investments Inc. acquired a new stake in shares of Trupanion in the second quarter valued at about $1,029,000.

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.