Trupanion (NASDAQ:TRUP) Sets New 52-Week Low Following Analyst Downgrade

Posted by on May 6th, 2023

Trupanion, Inc. (NASDAQ:TRUP – Get Rating)’s stock price hit a new 52-week low during trading on Friday after Lake Street Capital lowered their price target on the stock from $75.00 to $47.00. The stock traded as low as $23.35 and last traded at $25.01, with a volume of 2490036 shares trading hands. The stock had previously closed at $35.95.

A number of other equities analysts have also recently commented on TRUP. Canaccord Genuity Group boosted their price target on shares of Trupanion from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Bank of America cut their price target on shares of Trupanion from $109.00 to $89.00 in a research note on Monday, March 27th. StockNews.com started coverage on shares of Trupanion in a research note on Thursday, March 16th. They issued a “sell” rating for the company. Evercore ISI cut their price target on shares of Trupanion from $68.00 to $59.00 in a research note on Friday, March 24th. Finally, Jefferies Financial Group cut their price target on shares of Trupanion from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.80.

Insider Transactions at Trupanion

In other news, EVP Tricia Plouf sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $59.76, for a total value of $41,832.00. Following the completion of the sale, the executive vice president now directly owns 41,023 shares in the company, valued at approximately $2,451,534.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Tricia Plouf sold 700 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $59.76, for a total transaction of $41,832.00. Following the completion of the sale, the executive vice president now directly owns 41,023 shares in the company, valued at approximately $2,451,534.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $58.50, for a total transaction of $234,000.00. Following the sale, the chief executive officer now owns 849,109 shares of the company’s stock, valued at $49,672,876.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,950 shares of company stock worth $1,351,607. 5.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eschler Asset Management LLP grew its position in shares of Trupanion by 1.3% in the 3rd quarter. Eschler Asset Management LLP now owns 16,179 shares of the financial services provider’s stock worth $962,000 after buying an additional 208 shares during the period. State of Alaska Department of Revenue grew its position in Trupanion by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 24,483 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 222 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Trupanion by 24.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,168 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 226 shares during the last quarter. Amalgamated Bank grew its position in Trupanion by 1.3% during the 4th quarter. Amalgamated Bank now owns 17,891 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 237 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Trupanion by 12.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,340 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 253 shares during the last quarter. 97.55% of the stock is currently owned by institutional investors.

Trupanion Stock Down 19.7 %

The company’s 50-day moving average is $44.43 and its 200 day moving average is $50.16. The company has a market capitalization of $1.19 billion, a PE ratio of -26.25 and a beta of 1.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.62 and a current ratio of 1.62.

Trupanion (NASDAQ:TRUP – Get Rating) last posted its earnings results on Wednesday, February 15th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.07. The business had revenue of $246.01 million for the quarter, compared to analysts’ expectations of $242.28 million. Trupanion had a negative net margin of 4.94% and a negative return on equity of 14.25%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.16) EPS. As a group, analysts anticipate that Trupanion, Inc. will post -0.98 EPS for the current year.

Trupanion Company Profile

(Get Rating)

Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the Subscription Business and Other Business. The Subscription Business segment is involved in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members.

Featured Articles

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.