Trupanion (NASDAQ:TRUP) Stock Price Down 5.2%

Shares of Trupanion, Inc. (NASDAQ:TRUP) fell 5.2% during trading on Monday . The company traded as low as $43.85 and last traded at $44.63. 277,403 shares were traded during mid-day trading, a decline of 60% from the average session volume of 690,011 shares. The stock had previously closed at $47.08.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TRUP shares. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler lifted their price objective on shares of Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $30.00 price target (up previously from $22.00) on shares of Trupanion in a research report on Friday, August 9th. William Blair initiated coverage on Trupanion in a report on Friday, July 19th. They issued an “outperform” rating for the company. Finally, Northland Securities boosted their price objective on shares of Trupanion from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trupanion presently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Trupanion Trading Down 0.2 %

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.98 billion, a PE ratio of -68.95 and a beta of 1.74. The firm has a fifty day simple moving average of $39.02 and a two-hundred day simple moving average of $31.15.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping 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 firm had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. During the same period last year, the company posted ($0.33) EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities analysts forecast that Trupanion, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Trupanion

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

Hedge Funds Weigh In On Trupanion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new position in shares of Trupanion during the fourth quarter valued at $67,000. Headlands Technologies LLC purchased a new stake in shares of Trupanion during the 2nd quarter valued at about $162,000. Victory Capital Management Inc. purchased a new position in shares of Trupanion during the fourth quarter valued at approximately $211,000. Blueshift Asset Management LLC bought a new position in Trupanion during the fourth quarter valued at approximately $220,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Trupanion in the second quarter worth approximately $235,000.

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.