Analysts Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $32.33

Trupanion, Inc. (NASDAQ:TRUP) has earned a consensus rating of “Moderate Buy” from the four research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.75.

Several equities analysts have issued reports on the company. Evercore ISI dropped their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Stifel Nicolaus boosted their target price on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Canaccord Genuity Group reduced their price target on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Piper Sandler dropped their price objective on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd.

Trupanion Trading Up 13.5 %

TRUP opened at $25.55 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of -39.92 and a beta of 1.76. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. Trupanion has a twelve month low of $18.45 and a twelve month high of $36.66. The company has a fifty day moving average of $25.54 and a 200-day moving average of $26.72.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. During the same period last year, the company posted ($0.60) EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts predict that Trupanion will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Trupanion

Large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp raised its holdings in Trupanion by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after buying an additional 561 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Trupanion by 45.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 933 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Trupanion by 5.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 948 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in Trupanion by 4.7% during the 4th quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 1,075 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Trupanion by 1.4% during the 3rd quarter. New York State Common Retirement Fund now owns 79,142 shares of the financial services provider’s stock worth $2,232,000 after purchasing an additional 1,101 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.