Trupanion (NASDAQ:TRUP) Hits New 12-Month High – Here’s Why

Trupanion, Inc. (NASDAQ:TRUP)’s stock price hit a new 52-week high on Thursday . The company traded as high as $54.15 and last traded at $53.76, with a volume of 15921 shares traded. The stock had previously closed at $53.50.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRUP shares. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. William Blair started coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating for the company. Piper Sandler increased their price objective on shares of Trupanion from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Northland Securities increased their price objective on shares of Trupanion from $35.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

Trupanion Trading Up 0.9 %

The firm has a market cap of $2.28 billion, a PE ratio of -120.00 and a beta of 1.73. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average price is $44.19 and its two-hundred day moving average price is $33.89.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The business had revenue of $314.80 million for the quarter, compared to the consensus estimate of $309.33 million. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, sell-side analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current year.

Insider Activity

In other news, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares of the company’s stock, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 640 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,764 shares of company stock valued at $405,238. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRUP. Vanguard Group Inc. increased its position in Trupanion by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after purchasing an additional 32,485 shares during the period. Wellington Management Group LLP increased its position in Trupanion by 34.6% during the 4th 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 period. 8 Knots Management LLC increased its position in Trupanion by 87.0% during the 1st quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after purchasing an additional 603,775 shares during the period. Marshall Wace LLP increased its position in Trupanion by 11.9% during 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 purchasing an additional 116,496 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Trupanion during the 2nd quarter valued at about $4,739,000.

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.