Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Rating) traded down 8% during trading on Thursday . The stock traded as low as $59.28 and last traded at $59.80. 3,797 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 415,623 shares. The stock had previously closed at $64.97.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Northland Securities decreased their price objective on shares of Trupanion from $80.00 to $70.00 in a report on Thursday, August 4th. Piper Sandler downgraded shares of Trupanion from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $80.00 to $69.00 in a research note on Thursday, August 4th. Evercore ISI cut their target price on shares of Trupanion to $85.00 in a research note on Tuesday, August 9th. Canaccord Genuity Group cut their target price on shares of Trupanion from $100.00 to $90.00 in a research note on Friday, August 5th. Finally, Jefferies Financial Group began coverage on shares of Trupanion in a research note on Wednesday. They set a "buy" rating and a $77.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $88.71.
Get Trupanion alerts:Trupanion Stock Performance
The stock's 50-day simple moving average is $68.33 and its 200 day simple moving average is $70.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $2.42 billion, a PE ratio of -66.62 and a beta of 1.95.
Trupanion (NASDAQ:TRUP – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.10). Trupanion had a negative net margin of 4.53% and a negative return on equity of 10.62%. The firm had revenue of $219.41 million during the quarter, compared to analysts' expectations of $216.63 million. As a group, research analysts expect that Trupanion, Inc. will post -1.05 earnings per share for the current fiscal year.Insider Buying and Selling at Trupanion
In related news, Director Michael Doak sold 700 shares of the stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total value of $42,000.00. Following the transaction, the director now directly owns 1,007 shares of the company's stock, valued at approximately $60,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael Doak sold 700 shares of the stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total value of $42,000.00. Following the transaction, the director now directly owns 1,007 shares of the company's stock, valued at approximately $60,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $65.57, for a total transaction of $262,280.00. Following the completion of the transaction, the chief executive officer now directly owns 857,109 shares in the company, valued at $56,200,637.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,207 shares of company stock valued at $1,934,952. Insiders own 5.86% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Greenhaven Road Investment Management L.P. acquired a new stake in Trupanion during the 2nd quarter worth $32,000. Prospera Financial Services Inc acquired a new stake in Trupanion during the 1st quarter worth $49,000. Tcwp LLC acquired a new stake in Trupanion during the 1st quarter worth $54,000. Harbor Investment Advisory LLC boosted its stake in Trupanion by 31.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 942 shares of the financial services provider's stock worth $57,000 after purchasing an additional 228 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Trupanion by 45.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider's stock worth $78,000 after purchasing an additional 404 shares during the period. 97.85% of the stock is owned by hedge funds and other institutional investors.
About Trupanion
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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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