Trupanion (NASDAQ:TRUP) Sets New 52-Week Low – Here’s Why

Shares of Trupanion, Inc. (NASDAQ:TRUP) hit a new 52-week low on Monday . The company traded as low as $27.30 and last traded at $27.5270, with a volume of 98418 shares trading hands. The stock had previously closed at $29.06.

Analyst Ratings Changes

Several brokerages have commented on TRUP. Piper Sandler decreased their price target on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald decreased their target price on Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Wall Street Zen downgraded Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Stifel Nicolaus reduced their price target on Trupanion from $38.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. Finally, Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.50.

Trupanion Stock Performance

The firm has a 50 day moving average of $34.03 and a two-hundred day moving average of $39.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $1.18 billion, a PE ratio of 60.36 and a beta of 1.58.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $376.85 million for the quarter, compared to analysts’ expectations of $375.89 million. Trupanion had a return on equity of 5.39% and a net margin of 1.35%.The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. Research analysts predict that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other news, CEO Margaret Tooth sold 9,803 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.31, for a total transaction of $346,143.93. Following the completion of the sale, the chief executive officer owned 151,899 shares in the company, valued at approximately $5,363,553.69. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Fawwad Qureshi sold 6,202 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.45, for a total value of $219,860.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,853 shares of company stock valued at $1,181,863 in the last ninety days. 5.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new position in Trupanion during the 4th quarter worth approximately $380,000. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Trupanion by 216.7% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 66,368 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 45,412 shares during the period. Inspire Investing LLC boosted its stake in shares of Trupanion by 20.4% in the fourth quarter. Inspire Investing LLC now owns 12,624 shares of the financial services provider’s stock valued at $472,000 after buying an additional 2,137 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Trupanion by 11.1% in the fourth quarter. Engineers Gate Manager LP now owns 130,791 shares of the financial services provider’s stock valued at $4,888,000 after buying an additional 13,015 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Trupanion during the fourth quarter worth $496,000.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.