Trupanion (NASDAQ:TRUP) Given New $33.00 Price Target at Cantor Fitzgerald

Trupanion (NASDAQ:TRUP) had its price target upped by investment analysts at Cantor Fitzgerald from $30.00 to $33.00 in a report released on Monday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald‘s price objective suggests a potential downside of 10.20% from the stock’s current price.

Several other analysts have also issued reports on TRUP. Stifel Nicolaus upped their price target on shares of Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. Piper Sandler lowered shares of Trupanion from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $32.00 in a research note on Wednesday, August 26th. Atlantic Securities set a $42.00 price objective on shares of Trupanion in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Trupanion from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.00.

Trupanion Stock Performance

Shares of Trupanion stock opened at $36.75 on Monday. Trupanion has a 12-month low of $21.16 and a 12-month high of $46.98. The stock has a market cap of $1.59 billion, a P/E ratio of 60.25, a P/E/G ratio of 2.16 and a beta of 1.27. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $27.14 and its 200-day moving average is $26.69.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Trupanion had a return on equity of 6.71% and a net margin of 1.71%. The company had revenue of $405.59 million during the quarter, compared to the consensus estimate of $402.53 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities research analysts predict that Trupanion will post 0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trupanion news, CFO Fawwad Qureshi sold 6,111 shares of Trupanion stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total transaction of $183,391.11. Following the completion of the transaction, the chief financial officer directly owned 4,230 shares of the company’s stock, valued at $126,942.30. The trade was a 59.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,604 shares of Trupanion stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the transaction, the chief operating officer directly owned 33,742 shares of the company’s stock, valued at approximately $1,002,137.40. This trade represents a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,046 shares of company stock valued at $407,743. 5.58% of the stock is owned by insiders.

Institutional Trading of Trupanion

A number of hedge funds have recently modified their holdings of TRUP. Fifth Third Bancorp lifted its holdings in Trupanion by 4.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,772 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 302 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Trupanion by 4.0% in the 3rd quarter. Yousif Capital Management LLC now owns 9,328 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 356 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Trupanion by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 17,819 shares of the financial services provider’s stock valued at $456,000 after buying an additional 406 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Trupanion by 0.7% in the 2nd quarter. Squarepoint Ops LLC now owns 71,382 shares of the financial services provider’s stock valued at $1,768,000 after buying an additional 482 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Trupanion by 7.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,359 shares of the financial services provider’s stock valued at $195,000 after buying an additional 600 shares in the last quarter.

Trupanion Company Profile

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.