Trupanion (NASDAQ:TRUP) Shares Gap Up – Time to Buy?

Trupanion, Inc. (NASDAQ:TRUP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $46.52, but opened at $49.18. Trupanion shares last traded at $46.90, with a volume of 74,849 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Northland Securities boosted their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Piper Sandler upgraded shares of Trupanion from a “neutral” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Trupanion Stock Up 5.3 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $45.95. The company has a market cap of $2.07 billion, a PE ratio of -153.06, a P/E/G ratio of 8.27 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. During the same quarter last year, the business posted ($0.10) EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that Trupanion, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 622 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the transaction, the chief financial officer now directly owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steve Weinrauch sold 11,916 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. This trade represents a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,597 shares of company stock worth $1,522,082 in the last 90 days. 5.50% of the stock is owned by company insiders.

Institutional Trading of Trupanion

A number of hedge funds have recently made changes to their positions in TRUP. FMR LLC raised its holdings in shares of Trupanion by 55,963.7% during the third quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock worth $49,213,000 after purchasing an additional 1,170,202 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Trupanion in the 2nd quarter worth approximately $4,739,000. Wellington Management Group LLP lifted its holdings in shares of Trupanion by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after purchasing an additional 142,156 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Trupanion by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after purchasing an additional 116,496 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in shares of Trupanion by 27.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock worth $15,443,000 after purchasing an additional 80,014 shares during the last quarter.

About Trupanion

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.