Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $42.25

Shares of Trupanion, Inc. (NASDAQ:TRUP) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $42.25.

A number of brokerages recently weighed in on TRUP. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Bank of America reduced their target price on Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Stifel Nicolaus reduced their target price on Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Finally, Cantor Fitzgerald reduced their target price on Trupanion from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $23.97 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 40.63 and a beta of 1.45. 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 has a 52 week low of $21.16 and a 52 week high of $57.88. The business has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $28.50.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $384.05 million during the quarter, compared to the consensus estimate of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Trupanion will post 0.54 EPS for the current year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 6,177 shares of Trupanion stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total value of $137,005.86. Following the transaction, the chief financial officer owned 2,081 shares in the company, valued at approximately $46,156.58. This trade represents a 74.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steve Weinrauch sold 6,674 shares of Trupanion stock in a transaction on Friday, June 5th. The shares were sold at an average price of $22.00, for a total value of $146,828.00. Following the completion of the transaction, the executive vice president owned 78,062 shares in the company, valued at $1,717,364. The trade was a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,806 shares of company stock worth $395,508. 5.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Polar Capital Holdings Plc lifted its stake in shares of Trupanion by 13.5% during the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after purchasing an additional 175,000 shares in the last quarter. State Street Corp lifted its stake in shares of Trupanion by 2.2% during the fourth quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock worth $48,244,000 after purchasing an additional 27,385 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Trupanion by 4.5% during the fourth quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock worth $47,358,000 after purchasing an additional 55,111 shares in the last quarter. Greenlea Lane Capital Management LLC lifted its stake in shares of Trupanion by 1.6% during the fourth quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock worth $29,017,000 after purchasing an additional 12,395 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Trupanion by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider’s stock worth $17,981,000 after purchasing an additional 95,064 shares in the last quarter.

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.