Piper Sandler Increases Trupanion (NASDAQ:TRUP) Price Target to $45.00

Trupanion (NASDAQ:TRUP) had its price objective upped by Piper Sandler from $38.00 to $45.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

TRUP has been the topic of a number of other reports. Evercore ISI upgraded shares of Trupanion to a strong-buy rating in a research note on Friday, August 9th. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the stock a buy rating in a research report on Friday, September 20th. William Blair initiated coverage on Trupanion in a research report on Friday, July 19th. They issued an outperform rating for the company. Stifel Nicolaus increased their price objective on Trupanion from $30.00 to $40.00 and gave the stock a hold rating in a report on Monday, September 23rd. Finally, Northland Securities raised their target price on Trupanion from $35.00 to $45.00 and gave the stock a market perform rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $41.83.

Trupanion Stock Performance

NASDAQ:TRUP opened at $42.84 on Wednesday. The company has a market capitalization of $1.80 billion, a P/E ratio of -66.94 and a beta of 1.73. The business has a fifty day simple moving average of $42.18 and a two-hundred day simple moving average of $32.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. Trupanion has a 1 year low of $19.14 and a 1 year high of $49.14.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. During the same quarter last year, the firm posted ($0.33) EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts expect that Trupanion will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,764 shares of company stock worth $405,238. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings in Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 500 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of 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 valued at $863,000 after purchasing an additional 561 shares during the period. WINTON GROUP Ltd grew its holdings in shares of Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 685 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Trupanion by 2.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 830 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Trupanion by 12.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,726 shares of the financial services provider’s stock valued at $351,000 after buying an additional 1,420 shares during the last quarter.

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.