Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $54.00

Trupanion, Inc. (NASDAQ:TRUP) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $54.00.

Several equities research analysts have commented on the company. Stifel Nicolaus dropped their target price on Trupanion from $45.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. Piper Sandler boosted their target price on shares of Trupanion from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research note on Monday. Cantor Fitzgerald raised Trupanion to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, CEO Margaret Tooth sold 9,803 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.31, for a total value of $346,143.93. Following the sale, the chief executive officer directly owned 151,899 shares in the company, valued at $5,363,553.69. The trade was a 6.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 6,202 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total transaction of $219,860.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,233 shares of company stock valued at $1,552,045 in the last three months. Corporate insiders own 5.42% of the company’s stock.

Hedge Funds Weigh In On Trupanion

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trupanion by 13.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,354 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 1,214 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Trupanion by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 235 shares during the last quarter. Hosking Partners LLP raised its position in Trupanion by 86.9% in the 1st quarter. Hosking Partners LLP now owns 397,656 shares of the financial services provider’s stock worth $14,821,000 after purchasing an additional 184,936 shares during the period. Nuveen LLC purchased a new stake in Trupanion in the 1st quarter worth about $3,362,000. Finally, Public Sector Pension Investment Board lifted its stake in Trupanion by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 106,128 shares of the financial services provider’s stock worth $3,955,000 after purchasing an additional 22,664 shares during the last quarter.

Trupanion Stock Down 0.3%

TRUP opened at $36.93 on Wednesday. The company has a fifty day moving average price of $39.97 and a 200-day moving average price of $45.62. The firm has a market capitalization of $1.60 billion, a P/E ratio of 102.59 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.71. Trupanion has a one year low of $31.00 and a one year high of $57.88.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The business had revenue of $366.92 million during the quarter, compared to analysts’ expectations of $361.58 million. During the same period last year, the company posted $0.03 EPS. Trupanion’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Trupanion will post 0.13 earnings per share for the current fiscal year.

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.