Trupanion (NASDAQ:TRUP) Trading 10.5% Higher

Trupanion, Inc. (NASDAQ:TRUP)’s share price rose 10.5% during mid-day trading on Monday . The company traded as high as $22.80 and last traded at $21.93. Approximately 346,862 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 677,940 shares. The stock had previously closed at $19.85.

Analyst Ratings Changes

TRUP has been the topic of a number of research analyst reports. Canaccord Genuity Group reduced their price target on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Evercore ISI cut their target price on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Piper Sandler cut their target price on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Stifel Nicolaus upped their target price on shares of Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Trupanion currently has a consensus rating of “Hold” and a consensus target price of $28.75.

Trupanion Stock Performance

The stock’s 50-day simple moving average is $25.43 and its 200 day simple moving average is $26.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.62. The company has a market capitalization of $968.98 million, a PE ratio of -36.03 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million during the quarter, compared to the consensus estimate of $300.51 million. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. Trupanion’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, research analysts expect that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRUP. Sivia Capital Partners LLC acquired a new stake in shares of Trupanion during the fourth quarter worth about $31,398,000. 8 Knots Management LLC acquired a new stake in shares of Trupanion during the 4th quarter worth about $21,165,000. Wellington Management Group LLP lifted its holdings in shares of Trupanion by 34.6% during the 4th quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after acquiring an additional 630,155 shares during the period. Tudor Investment Corp Et Al purchased a new position in shares of Trupanion during the 3rd quarter worth about $4,712,000. Finally, GSA Capital Partners LLP raised its stake in shares of Trupanion by 376.5% during the first quarter. GSA Capital Partners LLP now owns 80,046 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 63,247 shares during the period.

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.