Trupanion (NASDAQ:TRUP) Posts Earnings Results, Beats Expectations By $0.04 EPS

Trupanion (NASDAQ:TRUP) announced its quarterly earnings data on Thursday. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04, Briefing.com reports. The company had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS.

Trupanion Trading Up 9.3 %

TRUP stock traded up $3.27 on Friday, reaching $38.30. The company’s stock had a trading volume of 1,252,298 shares, compared to its average volume of 711,693. The firm has a market cap of $1.61 billion, a PE ratio of -58.66 and a beta of 1.77. The business has a fifty day simple moving average of $30.78 and a two-hundred day simple moving average of $28.16. Trupanion has a 12-month low of $19.14 and a 12-month high of $38.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.62 and a current ratio of 1.62.

Insider Buying and Selling at Trupanion

In other news, EVP Steve Weinrauch sold 1,000 shares of Trupanion stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. Following the sale, the executive vice president now owns 55,896 shares of the company’s stock, valued at approximately $1,640,547.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trupanion news, insider Melissa Joy Hewitt sold 1,200 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $30.04, for a total transaction of $36,048.00. Following the completion of the transaction, the insider now owns 6,105 shares of the company’s stock, valued at $183,394.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steve Weinrauch sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the transaction, the executive vice president now owns 55,896 shares of the company’s stock, valued at $1,640,547.60. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TRUP shares. William Blair assumed coverage on Trupanion in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Canaccord Genuity Group reduced their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Northland Securities boosted their price objective on Trupanion from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday. Piper Sandler increased their price objective on Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $49.00 in a report on Thursday, May 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and a consensus price target of $36.17.

About Trupanion

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.