Trupanion (NASDAQ:TRUP) Shares Up 5%

Trupanion, Inc. (NASDAQ:TRUP)’s stock price traded up 5% during mid-day trading on Wednesday . The company traded as high as $23.94 and last traded at $23.89. 235,837 shares were traded during mid-day trading, a decline of 65% from the average session volume of 673,810 shares. The stock had previously closed at $22.75.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler dropped their price objective on Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Stifel Nicolaus increased their target price on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Evercore ISI dropped their price target on Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trupanion presently has a consensus rating of “Hold” and an average target price of $33.20.

Trupanion Trading Up 5.1 %

The company has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $26.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $999.80 million, a P/E ratio of -21.06 and a beta of 1.71.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.13. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The company had revenue of $295.50 million for the quarter, compared to analyst estimates of $289.84 million. During the same period last year, the company earned ($0.23) earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. On average, analysts forecast that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

Institutional investors have recently added to or reduced their stakes in the stock. BluePath Capital Management LLC acquired a new stake in Trupanion during the third quarter valued at approximately $31,000. Quest Partners LLC acquired a new stake in Trupanion during the fourth quarter valued at approximately $67,000. PNC Financial Services Group Inc. boosted its holdings in Trupanion by 45.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 933 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Trupanion during the fourth quarter valued at approximately $211,000. Finally, Blueshift Asset Management LLC acquired a new stake in Trupanion during the fourth quarter valued at approximately $220,000.

Trupanion Company Profile

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.