Key Points
- Trupanion COO John Gallagher sold 3,604 shares at an average price of $29.70, generating $107,038.80. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct ownership by 9.65% to 33,742 shares.
- Trupanion recently reported quarterly earnings of $0.16 per share, beating estimates of $0.11, while revenue rose 11.1% year over year to $392.93 million.
- Analysts maintain a consensus “Hold” rating, with one Buy and five Hold ratings and an average price target of $39.20; the stock opened at $27.88 and was reported down 4.4%.
Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) COO John Gallagher sold 3,604 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $29.70, for a total value of $107,038.80. Following the completion of the transaction, the chief operating officer directly owned 33,742 shares in the company, valued at $1,002,137.40. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trupanion Trading Down 4.4%
NASDAQ TRUP opened at $27.88 on Wednesday. The business has a 50 day simple moving average of $27.21 and a 200 day simple moving average of $25.89. Trupanion, Inc. has a one year low of $21.16 and a one year high of $46.98. The stock has a market capitalization of $1.22 billion, a P/E ratio of 52.60, a P/E/G ratio of 1.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.
Trupanion (NASDAQ:TRUP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The business had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same period in the previous year, the company posted $0.22 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts expect that Trupanion, Inc. will post 0.63 earnings per share for the current year.
Hedge Funds Weigh In On Trupanion
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Trupanion by 60.6% in the 1st quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider's stock worth $1,109,000 after buying an additional 11,233 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Trupanion by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider's stock worth $731,000 after acquiring an additional 858 shares during the last quarter. Millennium Management LLC raised its stake in Trupanion by 73.5% in the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider's stock valued at $9,987,000 after acquiring an additional 113,490 shares during the period. Invesco Ltd. lifted its holdings in Trupanion by 35.1% during the second quarter. Invesco Ltd. now owns 187,749 shares of the financial services provider's stock valued at $10,392,000 after purchasing an additional 48,781 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of Trupanion in the second quarter valued at approximately $249,000.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on TRUP shares. Weiss Ratings upgraded shares of Trupanion from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 26th. Zacks Research lowered shares of Trupanion from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Stifel Nicolaus raised their price target on shares of Trupanion from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 20th. Atlantic Securities set a $42.00 price target on shares of Trupanion in a research note on Wednesday, July 15th. Finally, Piper Sandler lowered shares of Trupanion from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $45.00 to $32.00 in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Trupanion currently has a consensus rating of "Hold" and a consensus price target of $39.20.
Get Our Latest Stock Analysis on TRUP
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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