Trupanion (NASDAQ:TRUP) Sets New 12-Month Low – Here’s What Happened

Trupanion, Inc. (NASDAQ:TRUP) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.37 and last traded at $21.9660, with a volume of 19724 shares trading hands. The stock had previously closed at $22.08.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler reduced their price objective on Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Stifel Nicolaus reduced their price objective on Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Weiss Ratings cut Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Finally, Bank of America reduced their price objective on Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.25.

Trupanion Trading Down 0.1%

The business has a 50-day moving average of $25.35 and a 200-day moving average of $31.05. The stock has a market cap of $953.10 million, a price-to-earnings ratio of 37.03 and a beta of 1.49. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.25.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The company had revenue of $384.05 million during the quarter, compared to analysts’ expectations of $379.77 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Trupanion, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Trupanion news, CRO Emily Dreyer sold 7,792 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.15, for a total value of $219,344.80. Following the completion of the sale, the executive owned 35,627 shares of the company’s stock, valued at $1,002,900.05. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fawwad Qureshi sold 2,837 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $26.46, for a total value of $75,067.02. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,503 shares of company stock valued at $578,537 over the last quarter. Insiders own 5.42% of the company’s stock.

Institutional Trading of Trupanion

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Liontrust Investment Partners LLP lifted its position in shares of Trupanion by 23.8% in the first quarter. Liontrust Investment Partners LLP now owns 60,650 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 11,658 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Trupanion by 54.0% in the first quarter. California State Teachers Retirement System now owns 48,288 shares of the financial services provider’s stock worth $1,237,000 after buying an additional 16,930 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Trupanion by 165.5% during the 1st quarter. Quantinno Capital Management LP now owns 24,712 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 15,404 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Trupanion by 550.0% during the 1st quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in shares of Trupanion during the 1st quarter worth about $416,000.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.