Trupanion, Inc. (NASDAQ:TRUP) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.20.

TRUP has been the subject of a number of recent analyst reports. Piper Sandler downgraded Trupanion from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $45.00 to $32.00 in a research note on Wednesday, August 26th. Zacks Research downgraded shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Atlantic Securities set a $42.00 price target on shares of Trupanion in a research report on Wednesday, July 15th. Stifel Nicolaus raised their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th.

Trupanion Price Performance

Trupanion stock opened at $24.57 on Tuesday. Trupanion has a 52 week low of $21.16 and a 52 week high of $46.98. The company’s 50 day moving average price is $26.91 and its two-hundred day moving average price is $25.52. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.08 billion, a P/E ratio of 46.36, a P/E/G ratio of 1.63 and a beta of 1.44.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $392.93 million during the quarter, compared to analyst estimates of $389.72 million. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.Trupanion’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities analysts predict that Trupanion will post 0.63 earnings per share for the current year.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 6,111 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $30.01, for a total transaction of $183,391.11. Following the completion of the transaction, the chief financial officer directly owned 4,230 shares of the company’s stock, valued at approximately $126,942.30. This represents a 59.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Margaret Tooth sold 978 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total value of $28,410.90. Following the completion of the sale, the chief executive officer directly owned 175,401 shares of the company’s stock, valued at $5,095,399.05. This represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,046 shares of company stock worth $380,162 in the last quarter. Insiders own 5.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kelleher Financial Advisors bought a new stake in Trupanion in the 2nd quarter valued at about $42,000. Parallel Advisors LLC boosted its position in Trupanion by 1,831.9% during the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,722 shares during the period. Quantbot Technologies LP bought a new position in Trupanion during the second quarter worth about $89,000. Fifth Third Bancorp increased its stake in shares of Trupanion by 2,911.1% in the first quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 7,336 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Trupanion by 7.7% in the second quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 688 shares in the last quarter.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance for cats and dogs. Its coverage is designed to help pet owners manage eligible veterinary expenses, including treatment for accidents, illnesses and other covered medical conditions.

The company offers subscription-based insurance plans primarily through direct-to-consumer channels and partnerships with veterinary practices. Trupanion also provides tools intended to streamline claims processing and enable participating veterinarians to receive payments directly, reducing the need for pet owners to pay eligible costs upfront and seek reimbursement.

Founded in 2000, Trupanion is headquartered in Seattle, Washington.