Stifel Nicolaus Issues Positive Forecast for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP) had its price objective raised by stock analysts at Stifel Nicolaus from $42.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 7.31% from the company’s previous close.

Several other equities research analysts have also commented on TRUP. Bank of America upped their price target on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Northland Securities boosted their target price on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Piper Sandler raised their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.33.

Trupanion Price Performance

Trupanion stock opened at $47.47 on Monday. Trupanion has a 1 year low of $19.69 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50 day moving average price of $52.09 and a 200 day moving average price of $44.57. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -148.34 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. Sell-side analysts predict that Trupanion will post -0.23 earnings per share for the current year.

Insider Transactions at Trupanion

In related news, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the sale, the chief financial officer now owns 9,867 shares of the company’s stock, valued at $519,102.87. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Murray B. Low sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the transaction, 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 28,597 shares of company stock valued at $1,522,082 over the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. Quest Partners LLC purchased a new position in Trupanion in the third quarter valued at about $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Trupanion in the 3rd quarter valued at approximately $54,000. GAMMA Investing LLC boosted its stake in shares of Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after buying an additional 596 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Trupanion during the 3rd quarter valued at approximately $202,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Trupanion during the third quarter worth approximately $210,000.

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.