Trupanion (NASDAQ:TRUP) Shares Gap Up to $28.33

Shares of Trupanion, Inc. (NASDAQ:TRUPGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $28.33, but opened at $32.35. Trupanion shares last traded at $32.29, with a volume of 676,816 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 16th. Canaccord Genuity Group decreased their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Evercore ISI decreased their target price on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Piper Sandler decreased their target price on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Bank of America raised shares of Trupanion from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.00 to $49.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.80.

View Our Latest Research Report on TRUP

Trupanion Stock Performance

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average is $25.56 and its 200-day moving average is $27.04.

Trupanion (NASDAQ:TRUPGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. During the same period in the previous year, the firm posted ($0.60) EPS. The firm’s revenue was up 19.4% on a year-over-year basis. Equities research analysts forecast that Trupanion, Inc. will post -0.48 EPS for the current year.

Insiders Place Their Bets

In other Trupanion news, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total transaction of $79,187.50. Following the sale, the senior vice president now directly owns 19,830 shares of the company’s stock, valued at approximately $502,492.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Darryl Rawlings purchased 20,700 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the transaction, the chief executive officer now owns 614,842 shares of the company’s stock, valued at $14,842,285.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the transaction, the senior vice president now owns 19,830 shares in the company, valued at approximately $502,492.20. The disclosure for this sale can be found here. Insiders own 5.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund Corp lifted its position in shares of Trupanion by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 561 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Trupanion by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock worth $1,188,000 after purchasing an additional 830 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Trupanion by 45.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 933 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Trupanion by 5.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 948 shares during the period. Finally, Check Capital Management Inc. CA lifted its position in shares of Trupanion by 4.7% in the 4th quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 1,075 shares during the period.

Trupanion Company Profile

(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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