Trupanion (NASDAQ:TRUP) Shares Gap Up to $20.56

Posted by on Jun 25th, 2023

Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $20.56, but opened at $23.05. Trupanion shares last traded at $22.00, with a volume of 455,074 shares traded.

Wall Street Analyst Weigh In

TRUP has been the topic of several recent research reports. Evercore ISI lowered their price objective on Trupanion from $68.00 to $59.00 in a research report on Friday, March 24th. Jefferies Financial Group lowered their price objective on Trupanion from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, March 28th. Lake Street Capital lowered their price objective on Trupanion from $75.00 to $47.00 in a research report on Friday, May 5th. Piper Sandler lowered their price objective on Trupanion from $44.00 to $33.00 in a research report on Friday, May 5th. Finally, Bank of America cut Trupanion from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $32.00 in a research report on Sunday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $57.10.

Trupanion Stock Up 9.9 %

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $26.24 and a two-hundred day moving average of $43.05. The firm has a market capitalization of $931.69 million, a price-to-earnings ratio of -15.27 and a beta of 1.70.

Trupanion (NASDAQ:TRUP – Get Rating) last released its earnings results on Thursday, May 4th. The financial services provider reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.32). Trupanion had a negative net margin of 6.34% and a negative return on equity of 19.86%. The business had revenue of $256.33 million during the quarter, compared to the consensus estimate of $251.88 million. As a group, sell-side analysts anticipate that Trupanion, Inc. will post -1.65 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $41.20, for a total value of $164,800.00. Following the transaction, the chief executive officer now owns 837,109 shares in the company, valued at $34,488,890.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Michael Doak sold 2,750 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $40.00, for a total transaction of $110,000.00. Following the sale, the director now directly owns 1,682 shares in the company, valued at $67,280. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $41.20, for a total value of $164,800.00. Following the sale, the chief executive officer now owns 837,109 shares in the company, valued at $34,488,890.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,750 shares of company stock worth $517,920 over the last 90 days. Insiders own 5.81% of the company’s stock.

Institutional Trading of Trupanion

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Trupanion by 1.5% during the third quarter. BlackRock Inc. now owns 5,573,284 shares of the financial services provider’s stock worth $331,221,000 after purchasing an additional 79,943 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Trupanion by 1.5% in the third quarter. Vanguard Group Inc. now owns 3,986,175 shares of the financial services provider’s stock valued at $236,899,000 after acquiring an additional 57,855 shares during the last quarter. Flossbach Von Storch AG boosted its holdings in Trupanion by 64.9% in the fourth quarter. Flossbach Von Storch AG now owns 2,880,000 shares of the financial services provider’s stock valued at $136,886,000 after acquiring an additional 1,133,116 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Trupanion by 23.3% in the first quarter. Wellington Management Group LLP now owns 1,719,142 shares of the financial services provider’s stock valued at $73,734,000 after acquiring an additional 325,354 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in Trupanion by 122.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,601,998 shares of the financial services provider’s stock valued at $68,710,000 after acquiring an additional 882,811 shares during the last quarter.

About Trupanion

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Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

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