Trupanion, Inc. (NASDAQ:TRUP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Trupanion, Inc. (NASDAQ:TRUP) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $51.80.

Separately, Lake Street Capital dropped their price target on shares of Trupanion from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, May 2nd.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 2,534 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $48.31, for a total transaction of $122,417.54. Following the completion of the transaction, the chief financial officer owned 3,545 shares in the company, valued at approximately $171,258.95. This represents a 41.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John R. Gallagher sold 4,000 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $47.90, for a total transaction of $191,600.00. Following the transaction, the chief operating officer owned 26,966 shares of the company’s stock, valued at approximately $1,291,671.40. This represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,562 shares of company stock worth $678,230. 5.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. SBI Securities Co. Ltd. bought a new position in Trupanion during the fourth quarter valued at $25,000. Jones Financial Companies Lllp lifted its position in Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Quarry LP bought a new position in Trupanion during the fourth quarter valued at $39,000. AlphaQuest LLC lifted its position in Trupanion by 940.6% during the first quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 950 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in Trupanion by 988.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,028 shares during the last quarter.

Trupanion Stock Performance

TRUP opened at $54.10 on Wednesday. The firm has a market cap of $2.31 billion, a P/E ratio of -540.95 and a beta of 1.82. Trupanion has a 1-year low of $26.96 and a 1-year high of $57.90. The company has a 50 day simple moving average of $47.44 and a two-hundred day simple moving average of $43.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.70.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $341.98 million during the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative net margin of 0.32% and a negative return on equity of 1.33%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.16) earnings per share. Equities analysts forecast that Trupanion will post 0.13 earnings per share for the current fiscal year.

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.