Trupanion (NASDAQ:TRUP) Shares Up 4.8%

Trupanion, Inc. (NASDAQ:TRUP) shot up 4.8% during mid-day trading on Thursday . The company traded as high as $22.71 and last traded at $22.70. 149,464 shares changed hands during trading, a decline of 78% from the average session volume of 667,485 shares. The stock had previously closed at $21.66.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRUP. Evercore ISI decreased their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Piper Sandler decreased their price target on Trupanion from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.20.

Trupanion Stock Up 5.1 %

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 company has a fifty day moving average price of $26.46 and a two-hundred day moving average price of $26.93.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.13. The firm had revenue of $295.50 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.23) EPS. On average, equities research analysts expect that Trupanion, Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Trupanion

Several institutional investors have recently added to or reduced their stakes in TRUP. Advisor Group Holdings Inc. increased its position in Trupanion by 33.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 758 shares during the period. Raymond James & Associates increased its position in Trupanion by 29.6% in the 1st quarter. Raymond James & Associates now owns 18,241 shares of the financial services provider’s stock valued at $1,626,000 after acquiring an additional 4,161 shares during the period. Citigroup Inc. increased its position in Trupanion by 9.6% during the 1st quarter. Citigroup Inc. now owns 34,790 shares of the financial services provider’s stock worth $3,100,000 after purchasing an additional 3,038 shares during the period. PNC Financial Services Group Inc. increased its position in 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 worth $209,000 after purchasing an additional 253 shares during the period. Finally, Bank of Montreal Can increased its position in Trupanion by 61.3% during the 1st quarter. Bank of Montreal Can now owns 19,350 shares of the financial services provider’s stock worth $1,775,000 after purchasing an additional 7,354 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.