Mirae Asset Global Investments Co. Ltd. Boosts Position in Trupanion, Inc. (NASDAQ:TRUP)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,120 shares of the financial services provider’s stock after buying an additional 948 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Trupanion were worth $553,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TRUP. BluePath Capital Management LLC purchased a new stake in Trupanion in the third quarter worth $31,000. PNC Financial Services Group Inc. grew its stake in Trupanion by 45.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 933 shares during the period. Dark Forest Capital Management LP bought a new stake in Trupanion in the third quarter worth $219,000. Oppenheimer Asset Management Inc. bought a new stake in Trupanion in the third quarter worth $225,000. Finally, Gabelli Funds LLC bought a new stake in Trupanion in the third quarter worth $234,000.

Analyst Ratings Changes

TRUP has been the topic of several analyst reports. Evercore ISI dropped their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Piper Sandler dropped their target price on Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, Stifel Nicolaus boosted their target price on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.20.

Trupanion Trading Down 2.5 %

Shares of NASDAQ:TRUP opened at $23.31 on Friday. The company has a market cap of $974.59 million, a P/E ratio of -21.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. Trupanion, Inc. has a 1 year low of $18.45 and a 1 year high of $37.71. The stock’s fifty day moving average price is $25.67 and its 200-day moving average price is $26.85.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.13. The firm had revenue of $295.50 million for the quarter, compared to the consensus estimate of $289.84 million. Trupanion had a negative return on equity of 15.19% and a negative net margin of 4.03%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. Sell-side analysts expect that Trupanion, Inc. will post -0.43 earnings per share for the current year.

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.