Landscape Capital Management L.L.C. Purchases New Stake in Trupanion, Inc. (NASDAQ:TRUP)

Landscape Capital Management L.L.C. acquired a new position in shares of Trupanion, Inc. (NASDAQ:TRUP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,627 shares of the financial services provider’s stock, valued at approximately $698,000.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC boosted its position in shares of Trupanion by 73.6% during the 3rd quarter. Intech Investment Management LLC now owns 17,208 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 7,298 shares in the last quarter. Quest Partners LLC bought a new stake in Trupanion during the third quarter worth $37,000. Mutual of America Capital Management LLC acquired a new stake in shares of Trupanion in the 3rd quarter valued at $210,000. Check Capital Management Inc. CA increased its stake in shares of Trupanion by 2.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock valued at $1,740,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Trupanion in the 3rd quarter valued at $261,000.

Insider Transactions at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the sale, the executive vice president now directly owns 48,978 shares in the company, valued at approximately $2,595,834. This represents a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,040 shares of company stock worth $1,114,529 over the last ninety days. 5.50% of the stock is owned by insiders.

Trupanion Trading Up 1.8 %

Shares of NASDAQ TRUP opened at $53.60 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of -167.50 and a beta of 1.69. The firm has a 50 day moving average price of $49.05 and a two-hundred day moving average price of $39.26. 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, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million during 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%. Trupanion’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. As a group, equities analysts forecast that Trupanion, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

TRUP has been the topic of several research analyst reports. Northland Securities raised their price objective on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Piper Sandler upped their price objective on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Bank of America upped their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Three equities research 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 an average rating of “Moderate Buy” and an average target price of $44.67.

About Trupanion

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.