Trupanion (NASDAQ:TRUP) Stock Price Target Lowered at Cantor Fitzgerald

Trupanion (NASDAQ:TRUP) had its price target reduced by investment analysts at Cantor Fitzgerald from $34.00 to $30.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 21.56% from the stock’s previous close.

Several other analysts have also recently commented on TRUP. Weiss Ratings upgraded Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. Stifel Nicolaus upped their target price on shares of Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Atlantic Securities set a $42.00 price target on shares of Trupanion in a research note on Wednesday, July 15th. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $32.00 in a research note on Wednesday, August 26th. Finally, Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.40.

Trupanion Stock Performance

TRUP opened at $24.68 on Wednesday. The firm’s fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $25.51. Trupanion has a 52-week low of $21.16 and a 52-week high of $46.98. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 46.57, a PEG ratio of 1.70 and a beta of 1.44. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The firm had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts anticipate that Trupanion will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, CEO Margaret Tooth sold 978 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $29.05, for a total transaction of $28,410.90. Following the sale, the chief executive officer directly owned 175,401 shares in the company, valued at $5,095,399.05. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John R. Gallagher sold 3,604 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the transaction, the chief operating officer directly owned 33,742 shares of the company’s stock, valued at $1,002,137.40. This represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,046 shares of company stock worth $380,162 over the last ninety days. Corporate insiders own 5.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TRUP. BlackRock Inc. acquired a new stake in Trupanion in the 2nd quarter valued at about $134,774,000. Polar Capital Holdings Plc raised its holdings in Trupanion by 13.5% in the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock valued at $55,121,000 after acquiring an additional 175,000 shares in the last quarter. Greenlea Lane Capital Management LLC lifted its stake in Trupanion by 1.6% in the fourth quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock worth $29,017,000 after acquiring an additional 12,395 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Trupanion by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider’s stock worth $17,981,000 after acquiring an additional 95,064 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Trupanion in the 2nd quarter valued at approximately $14,262,000.

Trupanion Company Profile

Trupanion, Inc is a pet insurance company that provides medical insurance for cats and dogs. Its coverage is designed to help pet owners manage eligible veterinary expenses, including treatment for accidents, illnesses and other covered medical conditions.

The company offers subscription-based insurance plans primarily through direct-to-consumer channels and partnerships with veterinary practices. Trupanion also provides tools intended to streamline claims processing and enable participating veterinarians to receive payments directly, reducing the need for pet owners to pay eligible costs upfront and seek reimbursement.

Founded in 2000, Trupanion is headquartered in Seattle, Washington.