Trupanion (NASDAQ:TRUP) Shares Gap Up to $26.08

Trupanion, Inc. (NASDAQ:TRUP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $26.08, but opened at $26.96. Trupanion shares last traded at $27.27, with a volume of 68,127 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRUP. Piper Sandler lowered their price target on shares of Trupanion from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Evercore ISI decreased their price objective on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, Stifel Nicolaus raised their price objective on shares of Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.17.

Trupanion Stock Up 2.4 %

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $27.66 and its two-hundred day simple moving average is $27.32.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BluePath Capital Management LLC acquired a new position in shares of Trupanion in the 3rd quarter valued at about $31,000. Belpointe Asset Management LLC lifted its position in Trupanion by 2,500.0% in the 1st quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 800 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Trupanion by 61.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,057 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 782 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Trupanion by 128.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 584 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Trupanion by 8,339.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,785 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 2,752 shares during the last quarter.

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.