Trupanion, Inc. (NASDAQ:TRUP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Trupanion, Inc. (NASDAQ:TRUP) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $51.80.

TRUP has been the topic of several recent research reports. Stifel Nicolaus dropped their price objective on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Lake Street Capital decreased their price objective on shares of Trupanion from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Piper Sandler reduced their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th.

Trupanion Trading Up 1.7%

Shares of Trupanion stock opened at $45.02 on Tuesday. The firm’s 50-day moving average price is $36.92 and its two-hundred day moving average price is $44.43. Trupanion has a 12-month low of $25.90 and a 12-month high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -195.74, a PEG ratio of 6.02 and a beta of 1.72.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $341.98 million during the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.16) EPS. On average, analysts forecast that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In related news, insider Brenna Mcgibney sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.99, for a total transaction of $164,950.00. Following the completion of the transaction, the insider now directly owns 3,738 shares in the company, valued at approximately $123,316.62. The trade was a 57.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Margaret Tooth sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $33.34, for a total value of $133,360.00. Following the completion of the transaction, the chief executive officer now directly owns 118,784 shares in the company, valued at approximately $3,960,258.56. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,792 shares of company stock valued at $1,122,802 in the last quarter. 5.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRUP. Balyasny Asset Management L.P. raised its holdings in Trupanion by 368.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider’s stock valued at $40,548,000 after buying an additional 661,559 shares during the period. BNP Paribas Financial Markets grew its position in Trupanion by 170.7% in the 4th quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider’s stock valued at $16,248,000 after acquiring an additional 212,545 shares during the last quarter. Hosking Partners LLP grew 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 valued at $14,821,000 after acquiring an additional 184,936 shares during the last quarter. Freestone Grove Partners LP bought a new position in Trupanion in the 4th quarter valued at $7,776,000. Finally, Baillie Gifford & Co. grew its position in Trupanion by 26.6% in the 4th quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock valued at $33,806,000 after acquiring an additional 147,341 shares during the last quarter.

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.