Trupanion (NASDAQ:TRUP) Stock Price Expected to Rise, Piper Sandler Analyst Says

Trupanion (NASDAQ:TRUP) had its price objective hoisted by stock analysts at Piper Sandler from $52.00 to $62.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 18.93% from the company’s current price.

Separately, Lake Street Capital decreased their price objective 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

Trupanion Stock Up 0.3%

Trupanion stock opened at $52.13 on Thursday. The company has a market cap of $2.23 billion, a P/E ratio of -521.25 and a beta of 1.82. Trupanion has a 1-year low of $27.40 and a 1-year high of $57.90. The company has a fifty day simple moving average of $48.39 and a 200 day simple moving average of $43.78. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.38.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $341.98 million during the quarter, compared to the consensus estimate of $337.81 million. Trupanion had a negative net margin of 0.32% and a negative return on equity of 1.33%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share. Research analysts anticipate that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $48.31, for a total value of $122,417.54. Following the completion of the transaction, the chief financial officer owned 3,545 shares of the company’s stock, valued at $171,258.95. This trade represents a 41.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Margaret Tooth sold 4,000 shares of Trupanion stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total transaction of $183,440.00. Following the completion of the transaction, the chief executive officer directly owned 118,784 shares of the company’s stock, valued at approximately $5,447,434.24. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,562 shares of company stock valued at $678,230 in the last quarter. Company insiders own 5.42% of the company’s stock.

Institutional Trading of Trupanion

Several hedge funds and other institutional investors have recently modified their holdings of TRUP. Proficio Capital Partners LLC bought a new stake in shares of Trupanion during the 4th quarter worth about $976,000. Jones Financial Companies Lllp boosted its holdings in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after buying an additional 238 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion during the 4th quarter worth about $25,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Trupanion by 12.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,805 shares of the financial services provider’s stock worth $569,000 after buying an additional 1,300 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Trupanion by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 306,752 shares of the financial services provider’s stock worth $14,785,000 after buying an additional 6,338 shares during the period.

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.