Trupanion (NASDAQ:TRUP) Sets New 1-Year Low – Here’s What Happened

Trupanion, Inc. (NASDAQ:TRUP)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $30.85 and last traded at $31.22, with a volume of 608287 shares changing hands. The stock had previously closed at $32.44.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TRUP shares. Piper Sandler cut their price target on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research note on Monday, December 29th. Stifel Nicolaus decreased their price target on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Cantor Fitzgerald dropped their price target on shares of Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

Trupanion Trading Down 3.8%

The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.35 billion, a PE ratio of 86.72 and a beta of 1.58. The business has a fifty day moving average price of $36.35 and a 200 day moving average price of $42.30.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The company had revenue of $366.92 million during the quarter, compared to analyst estimates of $361.58 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts forecast that Trupanion, Inc. will post 0.13 EPS for the current year.

Insider Activity

In other news, COO John R. Gallagher sold 6,383 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the completion of the sale, the chief operating officer directly owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. This represents a 16.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret Tooth sold 9,605 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $37.88, for a total transaction of $363,837.40. Following the transaction, the chief executive officer owned 150,294 shares in the company, valued at approximately $5,693,136.72. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,307 shares of company stock valued at $1,556,742. Insiders own 5.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRUP. Federated Hermes Inc. purchased a new stake in shares of Trupanion in the third quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Trupanion during the 3rd quarter worth approximately $39,000. Nisa Investment Advisors LLC grew its stake in shares of Trupanion by 44.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 300 shares during the last quarter. Kelleher Financial Advisors acquired a new position in shares of Trupanion in the third quarter valued at approximately $74,000. Finally, GAMMA Investing LLC increased its holdings in shares of Trupanion by 30.1% in the second quarter. GAMMA Investing LLC now owns 2,133 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 494 shares during the period.

Trupanion Company Profile

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.