Trupanion (NASDAQ:TRUP) Price Target Raised to $44.00

Trupanion (NASDAQ:TRUP) had its price objective boosted by Stifel Nicolaus from $42.00 to $44.00 in a research note issued to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the company. Bank of America boosted their price objective on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Piper Sandler lifted their target price on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Northland Securities increased their target price on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Trupanion currently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Trupanion Trading Down 1.9 %

Shares of TRUP stock opened at $46.58 on Monday. Trupanion has a 1 year low of $19.69 and a 1 year high of $57.90. The company’s fifty day simple moving average is $51.80 and its two-hundred day simple moving average is $44.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -145.56 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last announced its earnings results 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 net margin of 1.08% and a negative return on equity of 4.36%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same period in the previous year, the business posted ($0.10) earnings per share. Trupanion’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, analysts anticipate that Trupanion will post -0.23 earnings per share for the current year.

Insider Transactions at Trupanion

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the completion of the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at $1,355,233.80. This represents a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murray B. Low sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the transaction, the director now directly owns 131,513 shares of the company’s stock, valued at approximately $6,926,789.71. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,597 shares of company stock valued at $1,522,082 over the last quarter. 5.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trupanion

A number of large investors have recently bought and sold shares of the business. FMR LLC increased 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 valued at $49,213,000 after acquiring an additional 1,170,202 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Trupanion in the 2nd quarter valued at $4,739,000. Marshall Wace LLP increased its stake in Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after acquiring an additional 116,496 shares during the last quarter. Connors Investor Services Inc. increased its position in shares of Trupanion by 31.3% during the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 27,042 shares during the last quarter. Finally, Dalton Investments Inc. purchased a new stake in shares of Trupanion in the 2nd quarter valued at approximately $1,029,000.

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.