Trupanion (NASDAQ:TRUP) Upgraded to Hold at Cantor Fitzgerald

Trupanion (NASDAQ:TRUP) was upgraded by analysts at Cantor Fitzgerald to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on TRUP. Piper Sandler set a $67.00 target price on shares of Trupanion and gave the company an “overweight” rating in a research report on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Trupanion from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Lake Street Capital decreased their target price 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.17.

Trupanion Price Performance

Shares of TRUP opened at $49.49 on Wednesday. The company has a 50 day moving average price of $51.27 and a 200-day moving average price of $44.07. Trupanion has a fifty-two week low of $31.00 and a fifty-two week high of $57.90. The stock has a market capitalization of $2.13 billion, a PE ratio of 190.35 and a beta of 1.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 1.69.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.25. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The firm had revenue of $353.56 million during the quarter, compared to analysts’ expectations of $346.73 million. During the same quarter in the prior year, the company earned ($0.14) EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total transaction of $183,440.00. Following the transaction, the chief executive officer owned 118,784 shares in the company, valued at approximately $5,447,434.24. This represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John R. Gallagher sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The shares were 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 in the company, valued at $1,291,671.40. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,562 shares of company stock worth $544,870. 5.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Palisade Capital Management LP increased its stake in Trupanion by 36.7% during the 1st quarter. Palisade Capital Management LP now owns 244,354 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 65,653 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Trupanion by 112.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider’s stock valued at $13,204,000 after purchasing an additional 144,828 shares in the last quarter. Northern Trust Corp increased its stake in Trupanion by 9.0% during the 4th quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider’s stock valued at $17,749,000 after purchasing an additional 30,549 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Trupanion by 368.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider’s stock worth $40,548,000 after acquiring an additional 661,559 shares during the period. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Trupanion in the first quarter worth $439,000.

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.