Trupanion (NASDAQ:TRUP) Trading Up 6.4% – Time to Buy?

Trupanion, Inc. (NASDAQ:TRUP) traded up 6.4% during trading on Wednesday . The company traded as high as $23.83 and last traded at $23.59. 112,275 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 427,876 shares. The stock had previously closed at $22.17.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Trupanion in a research note on Monday, June 1st. Piper Sandler dropped their price objective on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Bank of America dropped their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.25.

Trupanion Trading Up 4.3%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The business’s 50 day moving average price is $24.39 and its 200-day moving average price is $29.50. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 39.14 and a beta of 1.45.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The business had revenue of $384.05 million for the quarter, compared to analyst estimates of $379.77 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Trupanion, Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Trupanion

In other news, EVP Steve Weinrauch sold 6,674 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the transaction, the executive vice president directly owned 78,062 shares in the company, valued at $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Fawwad Qureshi sold 6,177 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $22.18, for a total transaction of $137,005.86. Following the transaction, the chief financial officer owned 2,081 shares in the company, valued at approximately $46,156.58. This trade represents a 74.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 17,806 shares of company stock worth $395,508 over the last ninety days. 5.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. Royal Bank of Canada grew its position in Trupanion by 60.6% during the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 11,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Trupanion by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock worth $731,000 after buying an additional 858 shares during the period. Millennium Management LLC grew its position in Trupanion by 73.5% during the first quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after buying an additional 113,490 shares during the period. Invesco Ltd. grew its position in Trupanion by 35.1% during the second quarter. Invesco Ltd. now owns 187,749 shares of the financial services provider’s stock worth $10,392,000 after buying an additional 48,781 shares during the period. Finally, Gabelli Funds LLC acquired a new position in Trupanion during the second quarter worth about $249,000.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.