Trupanion (NASDAQ:TRUP) Trading Up 8.2% – Still a Buy?

Trupanion, Inc. (NASDAQ:TRUPGet Free Report)’s share price shot up 8.2% during mid-day trading on Wednesday . The company traded as high as $47.35 and last traded at $47.25. 341,783 shares were traded during trading, a decline of 45% from the average session volume of 622,976 shares. The stock had previously closed at $43.65.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRUP. Stifel Nicolaus boosted their price target on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Bank of America boosted their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Piper Sandler increased their price target on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Northland Securities boosted their price objective on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trupanion currently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Read Our Latest Stock Report on TRUP

Trupanion Trading Up 8.8 %

The stock has a market cap of $2.01 billion, a PE ratio of -148.44 and a beta of 1.61. The company’s 50-day moving average price is $51.15 and its 200 day moving average price is $45.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66.

Trupanion (NASDAQ:TRUPGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. On average, sell-side analysts forecast that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the sale, the chief financial officer now directly owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Murray B. Low sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares in the company, valued at $6,926,789.71. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,597 shares of company stock valued at $1,522,082 over the last 90 days. 5.50% of the stock is owned by company insiders.

Institutional Trading of Trupanion

Hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock worth $49,213,000 after buying an additional 1,170,202 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Trupanion in the second quarter worth $4,739,000. Wellington Management Group LLP increased its position in shares of Trupanion by 4.4% during the third quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after acquiring an additional 142,156 shares during the period. Marshall Wace LLP raised 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 acquiring an additional 116,496 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in Trupanion by 27.8% in the third quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock valued at $15,443,000 after purchasing an additional 80,014 shares during the period.

About Trupanion

(Get Free Report)

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.

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