Trupanion, Inc. (NASDAQ:TRUP – Get Free Report)’s share price fell 3.9% during trading on Friday . The company traded as low as $41.12 and last traded at $41.61. 452,399 shares were traded during mid-day trading, a decline of 37% from the average session volume of 715,701 shares. The stock had previously closed at $43.29.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TRUP shares. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Northland Securities lifted their price objective on shares of Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. William Blair initiated coverage on Trupanion in a research report on Friday, July 19th. They issued an “outperform” rating on the stock. Canaccord Genuity Group lowered their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $30.00 price target (up previously from $22.00) on shares of Trupanion in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.17.
View Our Latest Stock Analysis on Trupanion
Trupanion Stock Performance
The firm’s fifty day simple moving average is $32.22 and its 200 day simple moving average is $28.67. The company has a market capitalization of $1.79 billion, a PE ratio of -66.44 and a beta of 1.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.62.
Trupanion (NASDAQ:TRUP – Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) earnings per share. On average, research analysts predict that Trupanion, Inc. will post -0.41 EPS for the current year.
Insider Transactions at Trupanion
In related news, EVP Steve Weinrauch sold 1,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $29.35, for a total value of $29,350.00. Following the completion of the transaction, the executive vice president now directly owns 55,896 shares in the company, valued at approximately $1,640,547.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $30.04, for a total transaction of $36,048.00. Following the sale, the insider now directly owns 6,105 shares in the company, valued at approximately $183,394.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steve Weinrauch sold 1,000 shares of Trupanion stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $29.35, for a total value of $29,350.00. Following the completion of the transaction, the executive vice president now owns 55,896 shares of the company’s stock, valued at approximately $1,640,547.60. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.
Institutional Trading of Trupanion
Several institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its position in shares of Trupanion by 33.8% during the 1st quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock valued at $3,352,000 after buying an additional 30,645 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Trupanion in the first quarter valued at about $473,000. 8 Knots Management LLC purchased a new stake in shares of Trupanion during the fourth quarter worth about $21,165,000. Seven Eight Capital LP purchased a new stake in shares of Trupanion during the fourth quarter worth about $1,399,000. Finally, Quest Partners LLC acquired a new position in shares of Trupanion during the 4th quarter worth about $67,000.
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.
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