Trupanion (NASDAQ:TRUP) Shares Up 5%

Trupanion, Inc. (NASDAQ:TRUP)’s share price shot up 5% during trading on Wednesday . The company traded as high as $23.94 and last traded at $23.89. 235,837 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 673,810 shares. The stock had previously closed at $22.75.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRUP. Evercore ISI reduced their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Stifel Nicolaus raised their price target on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, Piper Sandler dropped their price target on Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Trupanion currently has a consensus rating of “Hold” and an average target price of $33.20.

Trupanion Stock Up 3.5 %

The company has a market capitalization of $1.01 billion, a PE ratio of -22.33 and a beta of 1.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The company has a 50-day moving average of $25.69 and a two-hundred day moving average of $26.84.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.13. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The company had revenue of $295.50 million for the quarter, compared to the consensus estimate of $289.84 million. During the same period in the previous year, the business earned ($0.23) earnings per share. Trupanion’s quarterly revenue was up 20.1% compared to the same quarter last year. Sell-side analysts anticipate that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after acquiring an additional 630,155 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Trupanion during the fourth quarter valued at approximately $31,398,000. 8 Knots Management LLC purchased a new position in shares of Trupanion during the fourth quarter valued at approximately $21,165,000. Charles Schwab Investment Management Inc. boosted its position in shares of Trupanion by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 300,029 shares of the financial services provider’s stock valued at $9,154,000 after buying an additional 7,088 shares during the period. Finally, Lagoda Investment Management L.P. boosted its position in shares of Trupanion by 19.3% during the third quarter. Lagoda Investment Management L.P. now owns 240,785 shares of the financial services provider’s stock valued at $6,790,000 after buying an additional 38,905 shares during the period.

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.