Trupanion (NASDAQ:TRUP) Trading 10.5% Higher

Trupanion, Inc. (NASDAQ:TRUP)’s stock price traded up 10.5% on Monday . The company traded as high as $22.80 and last traded at $21.93. 346,862 shares traded hands during trading, a decline of 49% from the average session volume of 677,940 shares. The stock had previously closed at $19.85.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore ISI cut their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Canaccord Genuity Group lowered their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Stifel Nicolaus boosted their price target on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, Piper Sandler lowered their price target on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Trupanion presently has an average rating of “Hold” and a consensus price target of $28.75.

Trupanion Trading Down 9.7 %

The business has a fifty day simple moving average of $25.43 and a 200-day simple moving average of $26.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.62. The firm has a market cap of $968.98 million, a price-to-earnings ratio of -36.03 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business had revenue of $306.12 million during the quarter, compared to analysts’ expectations of $300.51 million. During the same quarter in the prior year, the firm earned ($0.60) EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities analysts forecast that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

Large investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its stake in shares of Trupanion by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 561 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Trupanion by 45.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after buying an additional 933 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Trupanion by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock valued at $553,000 after buying an additional 948 shares during the last quarter. Check Capital Management Inc. CA boosted its position in shares of Trupanion by 4.7% during the fourth quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock valued at $732,000 after buying an additional 1,075 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Trupanion by 1.4% in the third quarter. New York State Common Retirement Fund now owns 79,142 shares of the financial services provider’s stock worth $2,232,000 after acquiring an additional 1,101 shares during the period.

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.