Trupanion (NASDAQ:TRUP) Shares Down 10.1% on Analyst Downgrade

Trupanion, Inc. (NASDAQ:TRUP) traded down 10.1% during trading on Friday after Canaccord Genuity Group lowered their price target on the stock from $40.00 to $34.00. Canaccord Genuity Group currently has a buy rating on the stock. Trupanion traded as low as $21.32 and last traded at $21.38. 502,239 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 659,466 shares. The stock had previously closed at $23.78.

Several other brokerages have also commented on TRUP. Evercore ISI decreased their price objective on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Piper Sandler cut their target price on Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus raised their price target on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.33.

Institutional Investors Weigh In On Trupanion

Several large investors have recently added to or reduced their stakes in TRUP. SG Americas Securities LLC acquired a new position in shares of Trupanion in the third quarter worth $261,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Trupanion by 35.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,011 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 2,367 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Trupanion in the 3rd quarter valued at about $31,000. Nisa Investment Advisors LLC grew its position in shares of Trupanion by 108.9% during the third quarter. Nisa Investment Advisors LLC now owns 18,930 shares of the financial services provider’s stock worth $534,000 after buying an additional 9,869 shares in the last quarter. Finally, Check Capital Management Inc. CA grew its position in shares of Trupanion by 32.1% during the third quarter. Check Capital Management Inc. CA now owns 22,925 shares of the financial services provider’s stock worth $646,000 after buying an additional 5,575 shares in the last quarter.

Trupanion Trading Down 16.5 %

The company’s fifty day moving average is $25.67 and its two-hundred day moving average is $26.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $833.60 million, a price-to-earnings ratio of -18.38 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $306.12 million for the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned ($0.60) EPS. On average, research analysts predict that Trupanion, Inc. will post -0.43 EPS for the current fiscal 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.