Northland Securities Raises Trupanion (NASDAQ:TRUP) Price Target to $45.00

Trupanion (NASDAQ:TRUP) had its price objective boosted by Northland Securities from $35.00 to $45.00 in a research note published on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. William Blair started coverage on shares of Trupanion in a research report on Friday, July 19th. They issued an outperform rating on the stock. Evercore ISI upgraded shares of Trupanion to a strong-buy rating in a report on Friday, August 9th. Piper Sandler upped their price objective on Trupanion from $30.00 to $38.00 and gave the stock a neutral rating in a report on Friday, August 9th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $30.00 target price (up from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trupanion presently has a consensus rating of Moderate Buy and an average price target of $39.00.

Trupanion Stock Up 1.9 %

TRUP stock opened at $42.80 on Thursday. Trupanion has a one year low of $19.14 and a one year high of $49.14. The stock has a market capitalization of $1.80 billion, a P/E ratio of -66.88 and a beta of 1.74. The company has a 50 day moving average price of $40.56 and a two-hundred day moving average price of $31.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The firm had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, sell-side analysts expect that Trupanion will post -0.37 EPS for the current year.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the sale, the chief executive officer now owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,764 shares of company stock worth $405,238. 5.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently added to or reduced their stakes in TRUP. Sivia Capital Partners LLC acquired a new position in Trupanion in the 4th quarter worth $31,398,000. 8 Knots Management LLC acquired a new position in shares of Trupanion in the fourth quarter worth about $21,165,000. Wellington Management Group LLP boosted its holdings in Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock valued at $74,862,000 after purchasing an additional 630,155 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Trupanion in the second quarter valued at about $4,739,000. Finally, Hosking Partners LLP acquired a new stake in Trupanion during the 2nd quarter valued at approximately $3,523,000.

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.