Trupanion, Inc. (NASDAQ:TRUP) Stock Now Rated “Hold” by Sell-Side Brokerages

Trupanion, Inc. (NASDAQ:TRUP) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.40.

TRUP has been the topic of several research reports. Weiss Ratings raised shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Atlantic Securities set a $42.00 target price on Trupanion in a report on Wednesday, July 15th. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Stifel Nicolaus raised their target price on shares of Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Finally, Cantor Fitzgerald reduced their price objective on shares of Trupanion from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th.

Trupanion Price Performance

TRUP stock opened at $29.32 on Friday. The firm has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $25.66. The stock has a market cap of $1.29 billion, a PE ratio of 55.32, a P/E/G ratio of 1.79 and a beta of 1.44. Trupanion has a one year low of $21.16 and a one year high of $46.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $392.93 million during the quarter, compared to analyst estimates of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. On average, analysts predict that Trupanion will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Margaret Tooth sold 1,000 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.84, for a total transaction of $25,840.00. Following the sale, the chief executive officer owned 184,952 shares of the company’s stock, valued at $4,779,159.68. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John R. Gallagher sold 3,604 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the sale, the chief operating officer owned 33,742 shares of the company’s stock, valued at $1,002,137.40. This trade represents a 9.65% decrease in their position. 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 quarter, insiders sold 14,046 shares of company stock valued at $406,002. Company insiders own 5.58% of the company’s stock.

Institutional Trading of Trupanion

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Trupanion in the 2nd quarter valued at approximately $4,631,000. Bank of America Corp DE acquired a new stake in Trupanion in the 2nd quarter valued at about $14,262,000. Renaissancere Holdings Ltd. acquired a new position in Trupanion in the second quarter valued at approximately $6,514,510. Legal & General Group Plc acquired a new position in Trupanion during the 2nd quarter worth about $1,938,000. Finally, GSA Capital Partners LLP purchased a new position in Trupanion during the 2nd quarter valued at about $1,394,000.

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.