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

Trupanion (NASDAQ:TRUP) had its target price upped by equities research analysts at Cantor Fitzgerald from $30.00 to $33.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald‘s price target indicates a potential downside of 10.20% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Trupanion from a “hold” rating to a “buy” rating in a research note on Saturday. Atlantic Securities set a $42.00 price objective on Trupanion in a research note on Wednesday, July 15th. Weiss Ratings raised Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Piper Sandler downgraded Trupanion from an “overweight” rating to a “neutral” rating and cut their target price for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. Finally, Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.00.

Trupanion Stock Performance

NASDAQ TRUP opened at $36.75 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.59 billion, a P/E ratio of 60.25, a P/E/G ratio of 2.16 and a beta of 1.27. Trupanion has a 12-month low of $21.16 and a 12-month high of $46.98. The firm has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $26.69.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Trupanion had a net margin of 1.71% and a return on equity of 6.71%. The firm had revenue of $405.59 million for the quarter, compared to analyst estimates of $402.53 million. During the same quarter in the prior year, the business posted $0.13 EPS. Analysts anticipate that Trupanion will post 0.64 earnings per share for the current year.

Insider Activity

In related news, COO John R. Gallagher sold 3,604 shares of Trupanion stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $29.70, for a total value of $107,038.80. Following the transaction, the chief operating officer directly owned 33,742 shares of the company’s stock, valued at $1,002,137.40. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Margaret Tooth sold 1,000 shares of Trupanion stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $25.84, for a total transaction of $25,840.00. Following the completion of the transaction, the chief executive officer directly owned 184,952 shares in the company, valued at $4,779,159.68. This trade represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,046 shares of company stock worth $407,743. 5.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its holdings in shares of Trupanion by 843.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,123 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,004 shares in the last quarter. Kelleher Financial Advisors bought a new position 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 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,722 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Trupanion during the 2nd quarter worth $89,000. Finally, Fifth Third Bancorp raised its holdings in shares of Trupanion by 4.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,772 shares of the financial services provider’s stock worth $182,000 after buying an additional 302 shares in the last quarter.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.