Trupanion (NASDAQ:TRUP) Stock Rating Lowered by Wall Street Zen

Trupanion (NASDAQ:TRUP) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities research analysts also recently issued reports on TRUP. Stifel Nicolaus cut their target price on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research report on Monday, December 1st. Piper Sandler boosted their target price on Trupanion from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Cantor Fitzgerald upgraded Trupanion to a “hold” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Trupanion has a consensus rating of “Hold” and an average target price of $54.00.

Trupanion Price Performance

NASDAQ:TRUP opened at $36.93 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 102.59 and a beta of 1.62. Trupanion has a 1-year low of $31.00 and a 1-year high of $57.88. The firm has a fifty day simple moving average of $39.97 and a 200 day simple moving average of $45.63. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.13 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 firm had revenue of $366.92 million during the quarter, compared to analyst estimates of $361.58 million. During the same quarter in the prior year, the business earned $0.03 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts expect that Trupanion will post 0.13 EPS for the current fiscal year.

Insider Activity at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 9,803 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $35.31, for a total value of $346,143.93. Following the transaction, the chief executive officer directly owned 151,899 shares of the company’s stock, valued at $5,363,553.69. This represents a 6.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO John R. Gallagher sold 6,383 shares of Trupanion stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at $1,139,345.22. This represents a 16.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,233 shares of company stock worth $1,552,045 in the last ninety days. 5.42% of the stock is owned by company insiders.

Institutional Trading of Trupanion

A number of institutional investors have recently bought and sold shares of TRUP. Maryland State Retirement & Pension System increased its holdings in shares of Trupanion by 2.1% during the second quarter. Maryland State Retirement & Pension System now owns 9,933 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 201 shares during the period. Yousif Capital Management LLC grew its position in Trupanion by 1.8% during the second quarter. Yousif Capital Management LLC now owns 12,580 shares of the financial services provider’s stock worth $696,000 after buying an additional 226 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 worth $83,000 after acquiring an additional 235 shares during the period. Voya Investment Management LLC increased its stake in Trupanion by 2.4% during the 3rd quarter. Voya Investment Management LLC now owns 10,379 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 243 shares during the period. Finally, Bank of Montreal Can raised its holdings in Trupanion by 3.5% in the 2nd quarter. Bank of Montreal Can now owns 7,280 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 245 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.