Trupanion (NASDAQ:TRUP) Shares Gap Down to $27.74

Trupanion, Inc. (NASDAQ:TRUP) gapped down before the market opened on Thursday . The stock had previously closed at $27.74, but opened at $27.14. Trupanion shares last traded at $28.20, with a volume of 38,012 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TRUP shares. Piper Sandler reduced their price objective on Trupanion from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. Evercore ISI lowered their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, Stifel Nicolaus raised their target price on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Trupanion currently has an average rating of “Hold” and a consensus price target of $39.17.

Trupanion Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50 day simple moving average is $27.66 and its two-hundred day simple moving average is $27.32.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.13. The company had revenue of $295.50 million during the quarter, compared to the consensus estimate of $289.84 million. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.23) EPS. As a group, research analysts anticipate that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently bought and sold shares of TRUP. PNC Financial Services Group Inc. raised its stake in shares of Trupanion by 12.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,340 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 253 shares during the period. Snider Financial Group raised its holdings in shares of Trupanion by 10.0% in the 1st quarter. Snider Financial Group now owns 2,889 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 263 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Trupanion by 3.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,828 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 314 shares in the last quarter. Royal Bank of Canada increased its position in shares of Trupanion by 0.5% in the fourth quarter. Royal Bank of Canada now owns 76,201 shares of the financial services provider’s stock worth $2,325,000 after purchasing an additional 362 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Trupanion by 45.2% in the second quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 404 shares in the last quarter.

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.