Key Points
- Trupanion CFO Fawwad Qureshi sold 6,111 shares at an average price of $30.01, generating approximately $183,391. The sale was made to cover tax withholding tied to vested equity awards, leaving him with 4,230 shares.
- Trupanion reported quarterly earnings of $0.16 per share, exceeding estimates of $0.11, while revenue rose 11.1% year over year to $392.93 million.
- Analyst sentiment remains cautious: five analysts rate the stock Hold and one rates it Buy, producing an average target price of $39.20. Recent actions included Piper Sandler downgrading the shares to Neutral and lowering its target to $32.
Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) CEO Margaret Tooth sold 491 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $31.84, for a total transaction of $15,633.44. Following the completion of the sale, the chief executive officer owned 186,952 shares in the company, valued at $5,952,551.68. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Margaret Tooth also recently made the following trade(s):
- On Tuesday, August 11th, Margaret Tooth sold 978 shares of Trupanion stock. The shares were sold at an average price of $29.05, for a total transaction of $28,410.90.
Trupanion Stock Down 5.2%
NASDAQ TRUP opened at $30.19 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a 50-day simple moving average of $26.76 and a 200 day simple moving average of $26.00. Trupanion, Inc. has a twelve month low of $21.16 and a twelve month high of $46.98. The stock has a market cap of $1.32 billion, a PE ratio of 56.96, a PEG ratio of 2.15 and a beta of 1.39.
Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $392.93 million for the quarter, compared to analyst estimates of $389.72 million. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. On average, research analysts forecast that Trupanion, Inc. will post 0.63 EPS for the current year.
Analyst Upgrades and Downgrades
TRUP has been the subject of a number of recent research reports. Atlantic Securities set a $42.00 target price on Trupanion in a research note on Wednesday, July 15th. Piper Sandler lowered shares of Trupanion from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $45.00 to $32.00 in a report on Wednesday. Zacks Research cut shares of Trupanion from a "strong-buy" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus raised their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Trupanion from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.20.
Read Our Latest Stock Report on Trupanion
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Kelleher Financial Advisors acquired a new position in Trupanion during the second quarter worth $42,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Trupanion in the 4th quarter valued at $64,000. Parallel Advisors LLC grew its holdings in shares of Trupanion by 1,831.9% in the 1st 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. Quantbot Technologies LP acquired a new stake in shares of Trupanion during the 2nd quarter worth about $89,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Trupanion during the 3rd quarter worth about $160,000.
About Trupanion
(
Get Free Report)
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.
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