Piper Sandler Upgrades Trupanion (NASDAQ:TRUP) to “Overweight”

Piper Sandler upgraded shares of Trupanion (NASDAQ:TRUP) from a neutral rating to an overweight rating in a research note released on Thursday, MarketBeat reports. They currently have $57.00 price target on the financial services provider’s stock.

Several other equities research analysts have also recently commented on TRUP. Northland Securities increased their price objective 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 lifted their price target on shares of Trupanion from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trupanion currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

Trupanion Stock Up 3.8 %

Shares of Trupanion stock opened at $48.29 on Thursday. The company has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $45.95. Trupanion has a 52-week low of $19.69 and a 52-week high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. During the same period in the prior year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Trupanion will post -0.2 EPS for the current year.

Insider Activity

In other news, SVP Emily Dreyer sold 3,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the sale, the senior vice president now directly owns 24,708 shares in the company, valued at $1,355,233.80. This trade represents a 11.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares of the company’s stock, valued at $2,595,834. This represents a 19.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,597 shares of company stock valued at $1,522,082 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRUP. FMR LLC grew its holdings in Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock valued at $49,213,000 after buying an additional 1,170,202 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Trupanion during the second quarter valued at $4,739,000. Marshall Wace LLP increased its holdings in Trupanion by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after acquiring an additional 116,496 shares during the last quarter. Barclays PLC lifted its stake in Trupanion by 259.2% in the 3rd quarter. Barclays PLC now owns 65,498 shares of the financial services provider’s stock worth $2,750,000 after purchasing an additional 47,262 shares in the last quarter. Finally, OmniStar Financial Group Inc. bought a new position in shares of Trupanion during the 3rd quarter valued at about $535,000.

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.