Trupanion (NASDAQ:TRUP) Shares Up 7.6% – Time to Buy?

Trupanion, Inc. (NASDAQ:TRUP) rose 7.6% during trading on Monday . The company traded as high as $29.07 and last traded at $29.05. Approximately 865,929 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 428,661 shares. The stock had previously closed at $26.99.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Stifel Nicolaus set a $28.00 price target on shares of Trupanion in a research note on Friday, June 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Atlantic Securities set a $42.00 target price on Trupanion in a research report on Wednesday, July 15th. Bank of America dropped their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Zacks Research upgraded Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trupanion presently has an average rating of “Moderate Buy” and an average price target of $41.60.

Trupanion Stock Up 5.0%

The business has a 50 day moving average of $25.02 and a two-hundred day moving average of $26.11. The stock has a market capitalization of $1.34 billion, a PE ratio of 57.57, a PEG ratio of 2.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. Analysts predict that Trupanion, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 6,177 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total transaction of $137,005.86. Following the completion of the sale, the chief financial officer owned 2,081 shares of the company’s stock, valued at $46,156.58. This represents a 74.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,603 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.69, for a total transaction of $78,149.07. Following the completion of the sale, the chief operating officer owned 33,065 shares of the company’s stock, valued at approximately $717,179.85. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,807 shares of company stock worth $394,452 in the last 90 days. 5.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trupanion

Several hedge funds and other institutional investors have recently bought and sold shares of TRUP. Kelleher Financial Advisors purchased a new stake in shares of Trupanion in the 2nd quarter valued at $42,000. Parallel Advisors LLC raised its holdings in shares of Trupanion by 1,831.9% during the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,722 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Trupanion during the fourth quarter valued at $64,000. Advisory Services Network LLC acquired a new position in Trupanion in the third quarter valued at approximately $160,000. Finally, Fifth Third Bancorp lifted its stake in shares of Trupanion by 2,911.1% in the 1st quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 7,336 shares during the period.

Trupanion Company Profile

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.