Trupanion (NASDAQ:TRUP) Stock Price Up 8.2% – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP) shot up 8.2% on Wednesday . The stock traded as high as $47.35 and last traded at $47.25. 341,783 shares were traded during mid-day trading, a decline of 45% from the average session volume of 622,976 shares. The stock had previously closed at $43.65.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRUP. Stifel Nicolaus upped their price objective on shares of Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, January 6th. Northland Securities upped their price target on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America lifted their price objective on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Piper Sandler raised their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trupanion currently has an average rating of “Moderate Buy” and a consensus price target of $45.33.

Trupanion Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $51.15 and its two-hundred day moving average price is $45.27. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -148.44 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the business posted ($0.10) EPS. The company’s revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.08, for a total transaction of $523,740.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Murray B. Low sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares of the company’s stock, valued at $6,926,789.71. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,597 shares of company stock valued at $1,522,082. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trupanion

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