Trupanion (NASDAQ:TRUP) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Trupanion (NASDAQ:TRUP) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other brokerages have also weighed in on TRUP. Piper Sandler boosted their price objective on shares of Trupanion from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a report on Monday, December 1st. Cantor Fitzgerald raised shares of Trupanion to a “hold” rating in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus cut their price target on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Trupanion Price Performance

TRUP opened at $37.28 on Friday. The stock has a 50-day moving average price of $39.84 and a 200-day moving average price of $45.58. Trupanion has a 12-month low of $31.00 and a 12-month high of $57.88. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.61 billion, a P/E ratio of 103.56 and a beta of 1.62.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). The firm had revenue of $366.92 million for the quarter, compared to analysts’ expectations of $361.58 million. Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Equities analysts predict that Trupanion will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Fawwad Qureshi sold 6,202 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total value of $219,860.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John R. Gallagher sold 6,383 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $34.82, for a total transaction of $222,256.06. Following the transaction, the chief operating officer directly owned 32,721 shares in the company, valued at approximately $1,139,345.22. The trade was a 16.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 40,233 shares of company stock worth $1,552,045. 5.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trupanion

Several hedge funds and other institutional investors have recently modified their holdings of TRUP. Jump Financial LLC raised its position in shares of Trupanion by 27.5% in the 1st quarter. Jump Financial LLC now owns 87,673 shares of the financial services provider’s stock worth $3,268,000 after acquiring an additional 18,919 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Trupanion by 277.7% in the first quarter. Russell Investments Group Ltd. now owns 34,643 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 25,471 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Trupanion in the first quarter worth $5,695,000. Trexquant Investment LP raised its holdings in Trupanion by 89.2% in the first quarter. Trexquant Investment LP now owns 261,246 shares of the financial services provider’s stock worth $9,737,000 after purchasing an additional 123,137 shares in the last quarter. Finally, PDT Partners LLC lifted its position in Trupanion by 346.2% during the first quarter. PDT Partners LLC now owns 136,110 shares of the financial services provider’s stock valued at $5,073,000 after buying an additional 105,605 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.