Trupanion (NASDAQ:TRUP) Stock Price Down 2.2%

Shares of Trupanion, Inc. (NASDAQ:TRUP) traded down 2.2% during trading on Wednesday . The company traded as low as $21.69 and last traded at $21.69. 29,356 shares changed hands during trading, a decline of 96% from the average session volume of 670,590 shares. The stock had previously closed at $22.17.

Wall Street Analysts Forecast Growth

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

Trupanion Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50-day moving average is $26.62 and its two-hundred day moving average is $26.96.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.13. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The firm had revenue of $295.50 million during the quarter, compared to analyst estimates of $289.84 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. Trupanion’s revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts anticipate that Trupanion, Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BluePath Capital Management LLC bought a new position in Trupanion during the third quarter valued at $31,000. Belpointe Asset Management LLC lifted its position in Trupanion by 2,500.0% during the first quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 800 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Trupanion by 61.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,057 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 782 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Trupanion by 128.4% during the first quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 584 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Trupanion by 8,339.4% during the second quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 2,752 shares during the last quarter.

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.