Trupanion, Inc. (NASDAQ:TRUP – Get Rating) – Equities research analysts at Jefferies Financial Group issued their Q3 2022 earnings per share estimates for shares of Trupanion in a note issued to investors on Wednesday, September 21st. Jefferies Financial Group analyst C. Grady expects that the financial services provider will earn ($0.31) per share for the quarter. Jefferies Financial Group currently has a "Buy" rating and a $77.00 target price on the stock. The consensus estimate for Trupanion's current full-year earnings is ($1.03) per share. Jefferies Financial Group also issued estimates for Trupanion's Q4 2022 earnings at ($0.29) EPS, FY2022 earnings at ($1.15) EPS, Q1 2023 earnings at ($0.26) EPS, Q2 2023 earnings at ($0.27) EPS, Q3 2023 earnings at ($0.25) EPS, Q4 2023 earnings at ($0.24) EPS, FY2023 earnings at ($1.01) EPS and FY2024 earnings at ($0.93) EPS.
Get Trupanion alerts:Trupanion (NASDAQ:TRUP – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.10). The firm had revenue of $219.41 million during the quarter, compared to analyst estimates of $216.63 million. Trupanion had a negative return on equity of 10.62% and a negative net margin of 4.53%.
A number of other equities research analysts have also recently weighed in on the company. Northland Securities lowered their price target on Trupanion from $80.00 to $70.00 in a report on Thursday, August 4th. Piper Sandler cut Trupanion from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $69.00 in a report on Thursday, August 4th. Canaccord Genuity Group lowered their price target on Trupanion from $100.00 to $90.00 in a report on Friday, August 5th. Finally, Evercore ISI lowered their target price on Trupanion to $85.00 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $88.71.Trupanion Stock Performance
TRUP opened at $59.29 on Friday. The stock has a market cap of $2.42 billion, a P/E ratio of -66.62 and a beta of 1.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.78. The stock's 50 day simple moving average is $68.33 and its 200 day simple moving average is $70.19. Trupanion has a 1-year low of $50.81 and a 1-year high of $158.25.
Insider Buying and Selling at Trupanion
In other Trupanion news, Director Michael Doak sold 700 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total transaction of $42,000.00. Following the sale, the director now owns 1,007 shares in the company, valued at approximately $60,420. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Michael Doak sold 700 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total transaction of $42,000.00. Following the sale, the director now owns 1,007 shares in the company, valued at $60,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gavin Friedman sold 1,600 shares of the firm's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $80.00, for a total value of $128,000.00. Following the sale, the executive vice president now owns 6,968 shares in the company, valued at approximately $557,440. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,207 shares of company stock worth $1,934,952. 5.86% of the stock is owned by insiders.
Institutional Investors Weigh In On Trupanion
Hedge funds have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Trupanion during the second quarter worth $32,000. Prospera Financial Services Inc purchased a new position in shares of Trupanion in the 1st quarter worth $49,000. Tcwp LLC purchased a new position in shares of Trupanion in the 1st quarter worth $54,000. Harbor Investment Advisory LLC raised its position in shares of Trupanion by 33.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 714 shares of the financial services provider's stock worth $64,000 after buying an additional 179 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of Trupanion by 162.6% in the 1st quarter. Captrust Financial Advisors now owns 893 shares of the financial services provider's stock worth $80,000 after buying an additional 553 shares during the period. Institutional investors and hedge funds own 97.85% of the company's stock.
Trupanion Company Profile
(Get Rating)
Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.
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